Chile’s Marcel stresses importance of trust
Former central bank governor warns monetary and fiscal policies will diverge
Mario Marcel, the former governor of the Central Bank of Chile, told the Central Banking Summer Meetings 2022 “credibility, trust and communication” were critical to central bank policy-making.
Marcel, who became finance minister of Chile in March after more than five years as governor of the central bank, said public trust is a vital component of effective public policy. He added: “This is surely more important for independent institutions like many central banks that cannot rely on a broader
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