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Chile

Olson on the importance of market structure

SPEECH - In the speech 'The Importance of Market Structure' Mark Olson of the Federal Reserve said the consolidation of banks and other types of financial institutions was one of the most notable features of the international financial landscape over the…

Central Banker of the Year

ARTICLE - The Banker magazine published in London has awarded Mugur Isarescu, Governor of the Central Bank of Romania the title, Central Banker of the Year. Three other governors from the Philippines, Chile and Botswana won regional titles.

Chile banks may soon pay interest on checking acc

CHILE - Banks might soon offer interest-bearing checking accounts to clients in Chile, after Central Bank President Carlos Massad on 28 August publicly invited the country's leading bank trade association to join in studying the matter.

Chile central bank eliminates 'encaje' rule

CHILE - Chile's Central Bank on Apr 16 eliminated its "encaje" rule, which requires foreign investors to deposit an amount equivalent to a percentage of their investments with the central bank at no interest.

Chile's economy to grow relatively fast - cbank

Chile's Central Bank forecast Jan. 23 economic growth between 5.6 and 5.9 percent for the years 2001 and 2002 respectively, as well as 3.4 and 2.9 percent inflation for the respective periods. In a monetary political report, the bank explained that the…

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