Asset sell-off biggest threat to Chile’s financial stability – Marcel

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

Mario Marcel, the governor of the Central Bank of Chile, has warned “the repeat of forced asset liquidations” is the “principal risk to financial stability”.

The governor was referring to three measures passed by the Chilean parliament during the pandemic, which allowed Chileans to withdraw savings from private pension accounts. This would inject cash into the economy and boost demand, a stimulus to counter the effects of Covid-19.

The Chilean Senate is currently discussing legislation

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