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Chileplanstotakemeasuresagainstworldfinancialcrisis
SANTIAGO,Oct.10(Xinhua)--ChileangovernmentannouncedFridaythatithaddecidedtotakeapackageofmeasurestominimizetheeffectsoftheinternationalfinancialcrisis.
TheannouncementwasmadeafterChileanEconomyMinisterHugoLavadosmetwithrepresentativesfromsixsectorsoftheProductionandCommerceConfederation(CPC).
LavadossaidthattheywouldcontinuetotakemeasurestoincreasemarketliquidityfollowingtheCentralBankofChile(BCCh)'seffortstokeeptheinterestrateat8.25percent.
"Themeasuresmustcomeoutofananalysisprocess,adiagnosticofwhatisgoingon.Theymustbeorientedwheretherealissuesare,"Lavadossaid.
Theproposalswillbereadynextweek,Lavadossaid.
Accordingtotheminister,currentlythereisnotacrisisinChile,but"acomplicatedsituationregardingthefinancialsystem."
Meanwhile,theSuperintendenceofBanksadmittedthattheworldfinancialcrisis"hashadsomeconsequencesintheworkingofthenationalfinancialsystem."
However,itsaidthatthebankshaveenoughliquidityonlocalandforeigncurrencyandhavebeenbenefitedfromthemeasurestakenbytheTreasuryMinistryandtheBCCh.
TheBCChhasannouncedintwooccasionsforeignexchangeswapsfornear418millionU.S.dollarstodeepentheliquidityoflocalbanksondollars.