Chile’s De Gregorio discusses how to tackle asset-price bubbles


José De Gregorio, governor of the Central Bank of Chile, on Friday said exchange rate intervention is a more effective policy response to the emergence of an asset-price bubble than interest rate hikes.

At the 16th Annual LACEA-LAMES Conference in Santiago, Chile, De Gregorio said: "Asset-price bubbles or distortions that may threaten financial stability should be considered when evaluating financial vulnerabilities, but not influence monetary policy if they do not have an impact on inflation

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: