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Pension Bill Goes To Senate Vote, Economic Activity In line

CHILE
  • USDCLP largely unphased by the broader moves in the dollar following a sharp rejection of 850 in early trade on Tuesday. Key support has been defined at 798,65, the Nov 22 low with ongoing developments ahead of the December 19 runoff the prime focus for markets.
  • As noted - candidate Gabriel Boric gets 47% of voter intentions, in the latest poll released by Data Influye. Kast follows with 34%. The results echoed the Cadem release over the weekend.
  • Separately, the mixed committee finished debating the bill that allows a fourth withdrawal of pension funds, according to images broadcast by TV Senado, the upper chamber’s network. (BBG)
    • The committee’s report on the bill, which contemplates some changes to the original text, must be voted on by the Senate and the Chamber of Deputies which could be voted on in both chambers as early as next week, said Pedro Araya, the president of the mixed committee.
  • To recap, Chile President Sebastian Pinera extended the ‘IFE Laboral’ Subsidy program beyond previous end date in December, according to remarks in press conference on Tuesday. Pinera said the program aims to boost formal employment in Chile.

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