Chile's stock market enters the second week of November with a tailwind. The IPSA closed Friday the 6th at 10,536.54 points, after rising 2.75% for the week, according to Diario Estrategia; the dollar ended at CLP 979.1 in the interbank market (DF) and copper at US$6.33 a pound (Cochilco). The observed dollar published by the Central Bank, in force this Monday, November 9, is CLP 979.88 (Central Bank, via mindicador.cl). This is the agenda of what could move those numbers between Monday the 9th and Friday the 13th.
View the data as a table
| IPSA | 10,536.54 |
| Observed dollar | $979.88 |
| Copper | US$6.33 |
| Monetary policy rate | 4.5% |
Economic calendar for the week of November 9 to 13
It is a week with little local data and two appointments that matter: the US consumer price index (CPI) for October, which the Bureau of Labor Statistics publishes on Tuesday the 10th at 8:30 a.m. New York time (10:30 in Chile), according to its official schedule, and the start of the Central Bank's Financial Policy Meeting (RPF) on Friday the 13th, which ends on Monday the 16th with a statement from 6 p.m. (Central Bank calendar). On the corporate side, Itaú Chile presents its third-quarter results to analysts on Monday the 9th at 11:00 (Itaú Chile).
| Day | Event | Chile time | Source |
|---|---|---|---|
| Monday 9 | Itaú Chile third-quarter earnings call | 11:00 | Itaú Chile |
| Tuesday 10 | US CPI for October | 10:30 | BLS |
| Friday 13 | First day of the Financial Policy Meeting | — | Central Bank |
| Monday 16 | RPF statement (countercyclical buffer) | from 6 p.m. | Central Bank |
| Tuesday 17 | Second-half Financial Stability Report | — | Central Bank |
| Wednesday 18 | Third-quarter GDP and SQM earnings call | SQM: 12:00 | Central Bank, SQM |
Sources: BLS, Central Bank, Itaú Chile and SQM, checked on November 8, 2026. SQM's time is given as 10:00 a.m. New York time; in Chile, now on daylight saving time, that is 12:00. Dates may change, so it is worth confirming them on the day.
- Mon Nov 9Itaú Chile presents its third quarterObserved dollar: CLP 979.88
- Tue Nov 10US CPIOctober data, 10:30 Chile time
- Fri Nov 13Financial Policy Meeting begins
- Mon Nov 16RPF statementFrom 6 p.m.
- Tue Nov 17Financial Stability Report
- Wed Nov 18Third-quarter GDP and SQM
Why US inflation matters for the dollar in Chile
The US inflation figure is the main input for bets on the Federal Reserve's rate, and that rate moves the dollar's global value. Higher-than-expected inflation usually strengthens the dollar and pushes up the exchange rate in Chile; lower inflation tends to do the opposite. The Chilean peso comes off a week of appreciation: the observed dollar fell from CLP 993.22 on October 30 to CLP 970.94 on November 6, and returned to CLP 979.88 for Monday the 9th. The factors behind the exchange rate this year are in our guide to the dollar in Chile today.
View the data as a table
| Observed dollar | |
|---|---|
| Oct 13 | $978.61 |
| Oct 14 | $980.79 |
| Oct 15 | $987.03 |
| Oct 16 | $984.09 |
| Oct 19 | $981.65 |
| Oct 20 | $981.86 |
| Oct 21 | $978.56 |
| Oct 22 | $976.82 |
| Oct 23 | $986.58 |
| Oct 26 | $990.35 |
| Oct 27 | $994.29 |
| Oct 28 | $985.14 |
| Oct 29 | $981.08 |
| Oct 30 | $993.22 |
| Nov 2 | $992.66 |
| Nov 3 | $981.82 |
| Nov 4 | $980.59 |
| Nov 5 | $970.95 |
| Nov 6 | $970.94 |
| Nov 9 | $979.88 |
IPSA companies that have already reported their third quarter
The earnings season is entering its final stretch. Among the large companies that have already published July-September figures are LATAM Airlines, which on November 3 reported net income of US$441 million, 16.3% higher than a year earlier, on revenue of US$4,567 million (+18.4%) (Form 6-K); Banco de Chile, with quarterly profit of CLP 287,734 million, 1.8% lower (6-K); and Empresas Copec, Cencosud, CAP and Santander Chile, whose numbers we reviewed in detail in Santander Chile's results and in each company's article.
| Company | Third-quarter 2026 result | Year-on-year change |
|---|---|---|
| Empresas Copec | Net income of US$289 million | +45.6% |
| LATAM Airlines | Net income of US$441 million | +16.3% |
| Banco de Chile | Net income of CLP 287,734 million | -1.8% |
| Santander Chile | Net income of CLP 237,000 million | -4.2% |
| CAP | Loss of US$71 million | — |
Sources: each company's filings with the CMF and the US SEC (LATAM, Banco de Chile) and our articles from the week. Santander's figure is rounded to billions. Among the large companies yet to report, SQM holds its call on November 18 (SQM). Which companies make up the index and how much each weighs is in our guide to the IPSA.
What LATAM and Banco de Chile flagged for the coming weeks
Two announcements from the quarter keep influencing their share prices. LATAM raised its 2026 revenue guidance to US$17.6 to 17.8 billion, but cut its adjusted operating margin guidance to 10.5%-11.5% (from 12%-13%) due to a "more challenging" fuel environment in the fourth quarter (6-K). Banco de Chile warned that in the fourth quarter it will book an income tax charge of about CLP 68 billion from the change in the corporate tax rate applied to its deferred taxes (6-K).
| LATAM 2026 guidance | August 2026 | November 3, 2026 |
|---|---|---|
| Revenue | US$17.3-17.7 billion | US$17.6-17.8 billion |
| Adjusted EBITDA | US$4.1-4.4 billion | US$3.9-4.05 billion |
| Adjusted operating margin | 12%-13% | 10.5%-11.5% |
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See advertising optionsThe following week: financial stability, GDP and SQM
The economic calendar is concentrated on November 16, 17 and 18. On Monday the 16th the Central Bank will say whether it keeps the countercyclical capital buffer it set in May at 1% of risk-weighted assets, with 24 months to comply (La República); on Tuesday the 17th it will publish the Financial Stability Report, and on Wednesday the 18th, third-quarter GDP. That figure comes after a September Imacec (monthly activity index) that grew just 0.2% year on year (Central Bank). The latest rate decision, which left the policy rate at 4.5%, is in the minutes of the October meeting.
This article is informative and does not constitute investment advice. Dates and times come from the official calendars checked on Sunday, November 8, 2026.
Frequently asked questions about this week's economic calendar
When is the US CPI for October 2026 released?
On Tuesday, November 10 at 8:30 a.m. New York time, which is 10:30 in Chile, according to the Bureau of Labor Statistics schedule.
When is the Central Bank's Financial Policy Meeting?
On November 13 and 16. The statement is published on Monday the 16th from 6 p.m. and the Financial Stability Report on Tuesday the 17th.
Where does the dollar start this week?
The observed dollar in force on Monday the 9th is CLP 979.88; on Friday the 6th it closed at CLP 979.1 in the interbank market.
Which IPSA companies have yet to report the third quarter?
Among the large ones, SQM holds its earnings call on November 18. Others, such as Falabella, had not published a date on their investor sites as of November 8.
When is third-quarter GDP released?
On Wednesday, November 18, together with revisions to the first two quarters of the year.
