Mario Marcel: Chile's March 2017 Monetary Policy Report

Presentation by Mr Mario Marcel, Governor of the Central Bank of Chile, before the Finance Committee of the Honorable Senate of the Republic, Santiago de Chile, 3 April 2017.

Introduction

Mr. Governor of the Senate's Finance Committee, Senator Carlos Montes, honorable members of this Committee, ladies, gentlemen,

Thank you for your invitation to present the views of the Board of the Central Bank of Chile about the recent macroeconomic developments, their projections and implications for monetary policy. This vision is contained in detail in our Monetary Policy Report (the Report) of March 2017. It is worth mentioning that this Report includes for the first time economic forecasts for 2018, as I will show you throughout this presentation.