Chilean governor opposes new pension withdrawals

Mario Marcel
Mario Marcel
Photo: Central Bank of Chile/Wikimedia Commons

The governor of the Central Bank of Chile has warned that plans to allow further pension withdrawals risked destabilising prices, capital markets and the wider economy.

Mario Marcel told a parliamentary committee on August 18 that the proposed pension measure “currently constituted the greatest threat to a solid and sustainable recovery”. Marcel was appointed governor in 2016 by then-president Michelle Bachelet.

The Chilean congress has passed three measures to allow early pension withdrawals

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