Chile’s Marcel stresses importance of trust

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

Mario Marcel, the former governor of the Central Bank of Chile, told the Central Banking Summer Meetings 2022 “credibility, trust and communication” were critical to central bank policy-making.

Marcel, who became finance minister of Chile in March after more than five years as governor of the central bank, said public trust is a vital component of effective public policy. He added: “This is surely more important for independent institutions like many central banks that cannot rely on a broader

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