UPDATE 1-Chile peso seen at 485/dlr in a week -cenbank poll

* Peso forecasts weaken after president’s comments

* Central bank seen further slowing pace of rate increases
(Updates with peso, interest rate background)

SANTIAGO, Oct 27 (BestGrowthStock) – Chile’s peso (CLP=CL: ) is seen
trading at 485.00 per U.S. dollar in a week’s time and 490.00
in 3 months, according to a new fortnightly central bank poll
of traders published on Wednesday.

The forecasts were weaker than in the bank’s last poll two
weeks ago, when the peso was trading around 475 per dollar.

The peso slipped to near 493 per dollar in early Wednesday
trade following President Sebastian Pinera’s comments this week
about plans to increase capital outflows in order to weaken the
currency. For details see [ID:nN26153349].

The peso has appreciated more than 10 percent since the end
of June. [ID:nN14173354]

The central bank is also seen raising its benchmark
interest rate (CLINTR=ECI: ) by another 25 basis points to 3.0
percent in November, for a total increase of 100 basis points
in the next six months.

This month the bank slowed the pace of rate hikes to 25
basis points, citing a stronger peso, after four consecutive 50
basis-point increases from a record-low 0.50 percent in June.
(Reporting by Santiago newsroom; Editing by James Dalgleish)

UPDATE 1-Chile peso seen at 485/dlr in a week -cenbank poll