Central Banking

Chile banks may soon pay interest on checking acc

CHILE - Banks might soon offer interest-bearing checking accounts to clients in Chile, after Central Bank President Carlos Massad on 28 August publicly invited the country's leading bank trade association to join in studying the matter.

Massad met privately with Bank Association President Hernan Somerville after formally announcing the initiative at a finance seminar held 28 August.

Somerville gave the private meeting a positive review, promising in a press statement to deliver a series of prop