Chilean government wants to give central bank QE powers
Draft law would allow Central Bank of Chile to buy government debt in “exceptional circumstances”
Chile’s government unveiled a draft law on June 18 to allow the central bank to buy government bonds in the secondary market.
The legislative change would modify both the constitution and the law governing the central bank, Chile’s finance ministry says in a statement. The draft law would allow the central bank “in exceptional circumstances and when the preservation of the normal operation of internal and external payments requires it” to “provide liquidity through buying and selling debt
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