Chile
BIS reveals winning design for new HQ tower
Second tower will be major addition to Basel skyline – if it gets the go-ahead
Chile pauses rate hikes, but Peru continues tightening
Peruvian board carries on with policy meeting despite political turmoil
Armenia’s Galstyan calls for a new framework to tackle uncertainty and nonlinearities
Favours risk-management approach to policy and less emphasis on baseline forecasts that give false assurances
Banknotes: October to December 2022
A round-up of news and salient issues that have affected central bankers in the past three months
People: October to December 2022
A round-up of central bankers in the news and on the move during the past three months
Chile’s Costa on tackling inflation, forex interventions and nowcasting
Chilean governor discusses stubbornly high prices, Fed spillovers, reserve buffers, retail CBDC and unconscious bias
Last-minute moves shake up IDB race
Mexico replaces candidate, Argentina joins race
Brazil set to nominate Goldfajn to lead regional bank
Competition to lead Inter-American Development Bank heating up
Chilean board makes 11th hike, but says cycle may be over
Central bank leaders say “rate has reached its maximum level of the cycle”
Rates round-up: Canada opts for 75bp raise
Chile surprises with larger hike, while Poland nears peak rates with 25bp increase
Chile rejects new constitution, sinking central bank reform
Draft had proposed some changes to central bank governance and mandate
Chile renews IMF flexible credit line as risks grow
Months after ending the previous facility, Chile has reactivated it
Chileans’ use of electronic payments is on the rise
Central bank report finds rapid increases in card and online payments.
Chilean central bank pledges to sell up to $25 billion to defend peso
Currency plummets by 4% to new record low against US dollar following 75bp rate hike
Chilean central bank makes surprise 75bp rate hike
Board takes interest rates to highest level since 1998
Rising inflation still stalks major Latin American economies
Tighter monetary policy in Brazil, Chile and Mexico is failing to bring inflation down
Chilean government officials dispute central bank’s currency role
Finance minister reproves official spokesperson as currency continues steep fall
Chile central bank opens CBDC survey
Poll is part of gradually unfolding evaluation of potential digital currency
PBoC launches renminbi reserve pool with BIS
Equivalent of $13.5 billion will be pooled by six central banks to withstand market volatility
Nearly 30% of central banks implementing instant payments
Over half of respondents already oversee or operate instant payments
Chile’s Marcel stresses importance of trust
Former central bank governor warns monetary and fiscal policies will diverge
Rates round-up: RBI adds 50bp to main rate
Chile announces eighth rate hike; Thai PM reveals rate hold early; and more
People: former New York Fed chief Corrigan dies
New deputy governor appointed in Honduras; Bundesbank names head of research; and more
Chile signs up to IMF’s first short-term liquidity line
Revolving $3.5 billion credit will replace flexible credit line arrangement