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BCCh Suggest Local Financial Conditions Have Deteriorated

CHILE
  • The BCCh says local financial conditions have deteriorated due to uncertainties and the hit to capital markets stemming from early pension withdrawals, according to financial stability report published on its website. (BBG)
    • Pension withdrawals have forced asset sales by institutional investors.
    • Going forward, further asset sales would elevate uncertainty and would reduce capacity of fixed-income market to provide financing.

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