Rosanna Costa: Chilean economy and digital payments - progress and challenges
Presentation by Ms Rosanna Costa, Governor of the Central Bank of Chile, at the Chile Day, London, 16 September 2025.
The views expressed in this speech are those of the speaker and not the view of the BIS.
Good morning. I would like to thank InBest for this forum. It is always a pleasure to share this occasion with such a distinguished audience. This instance has become a long-standing tradition to showcase the progress and opportunities of our country.
Just under a month ago, the Central Bank of Chile celebrated its centennial-100 years of commitment to the country's welfare. Today, I would like to dedicate my presentation to the two central aspects of our mandate: price stability and the normal functioning of payments, both of which guide every decision we make with responsibility and a long-term vision.
I will begin by examining the evolution of the Chilean economy amid external tensions, its outlook and implications for monetary policy and inflation. Last week we published our Monetary Policy Report for September 2025. I will draw on that document for the first part of my presentation.
In the second part I will refer to how the means of payment have evolved in Chile. The use of digital payments has grown rapidly over the last decade in our country, with the Central Bank playing a significant role in supporting this transformation. Looking ahead, the challenges remain significant. I will take this opportunity to outline them and the initiatives we plan to develop.
Let me now present a quick overview of Chile's recent macroeconomic developments.