Chilean commission proposes broader central bank mandate

Elected officials and experts will decide on proposal before voters decide in December

Central Bank of Chile board
The Central Bank of Chile's five-member board

A commission drafting guidelines for a new Chilean constitution has proposed modifying the central bank’s mandate, to add a focus on jobs and growth.

The commission and a specially elected council will negotiate on whether to keep the proposal as part of a package of suggested changes to the country’s constitution.

A committee of experts suggested keeping the Central Bank of Chile’s (BCC) current mandate to safeguard “price stability and the normal functioning of internal and external payments

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