Chile bides time on macro-prudential debate

Central Bank of Chile will continue to ‘watch’ macro-prudential debate, says Vergara

r-vergara
Rodrigo Vergara, governor of the Bank of Chile

The Central Bank of Chile will wait to see which macro-prudential policies work elsewhere before updating its own framework, governor Rodrigo Vergara said on November 5.

He told a conference in Santiago, the country was fortunate to be able to watch the international debate on macro-prudential policy "without needing to take hasty policy measures", but it would likely need to respond in time.

"There are reasons of substance and form that suggest that in the coming years we will need to take

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