Mario Marcel: Chile's September 2018 Monetary Policy Report

Presentation by Mr Mario Marcel, Governor of the Central Bank of Chile, of the Monetary Policy Report before the Honorable Senate of the Republic, Santiago de Chile, 5 September 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
02 November 2018


Mr. President of the Senate, senator Carlos Montes, honorable senators, ladies, gentlemen,

On behalf of the Board of the Central Bank of Chile (CBC), I am grateful for your invitation to present the Monetary Policy Report (IPoM). As usually in September of each year, this coincides with the report that, according to the Organic Law of the CBC, we must submit annually to the Senate. In compliance with this obligation, the Monetary Policy Report that I will be summarizing in a moment contains our view of the recent macroeconomic and financial developments in the Chilean and international economy, as well as their prospects and implications for the conduct of monetary policy. It also includes the Bank’s financial results of the first half of 2018, the results of the management of international reserves and a summary of the main decisions adopted by the Board this year to date.