Chilean president grants Marcel new term as governor
Central bank leader faces continued challenges from pandemic and rapid political change
The president of Chile, Sebastián Piñera, named Mario Marcel to a second term as governor of the Central Bank of Chile on October 22.
The president praised Marcel’s “valuable contributions to the management of monetary policy and his input to macroeconomic policy and the economic development of the country”.
Under the central bank law, the Chilean president names the governor to a five-year term. The governor is also one of the five members of the board of the central bank, which the
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