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Pension Reform Bill To Be Voted On In Lower House This Week

CHILE
  • The lower house Finance Committee has backed President Boric’s pension reform plan, clearing the way for a vote in the Lower House later this week. If approved, the bill will then pass to the Senate for a vote. Approval will likely depend on support from smaller, swing opposition parties, as the largest opposition parties have already said that they will reject the reform.
  • Separately, Finance Minister Marcel is on the wires this morning saying that the government’s tax evasion proposal will be sent to Congress next week. Bloomberg report that the proposal aims to raise tax income by 1.5% of GDP. Marcel says that May would be a good timeframe for approval.
  • No domestic macro data are scheduled for today. December PPI inflation will be released tomorrow, while Friday’s BCCh economist survey will reveal analyst expectations for next week’s interest rate decision.

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