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Pension Bill Up For Debate

CHILE
  • Late Monday, the Chilean Lower House approved the admission of the early pension fund withdrawal bill, making the legislation open for debate over the proposals. This could present an early test for Boric’s newly formed government, with the President already voicing his opposition to another wave of withdrawals.
  • His finance minister (and former CB governor) agrees, arguing that the moves undermine local markets and fuel inflation.
  • The Chilean finance minister is set to address the finance committee to discuss the upcoming passage of bills due in front of Congress in the coming months. Marcel appears at 3pm local time (1800GMT / 1400ET)

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