Chilean economy minister leaves post for bank seat

CHILE - Chile's Economy Minister Jose de Gregorio announced late on 18 June that he will step down from his post in order to seek congressional approval to join the Central Bank's five-member monetary policymaking board.

President Ricardo Lagos has selected de Gregorio as his candidate to fill a vacancy on the Central Bank board, which was created in March when Christian Democrat Pablo Pinera stepped down.

De Gregorio's nomination must be approved by a two-thirds majority in the senate.

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