MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Pension Self-Loan Bills Fail in Lower House

CHILE
  • A committee of Chilean lawmakers rejected in an initial vote different bills that would allow people to borrow from their own pension savings, potentially pulling billions of dollars from the nation’s capital markets.
    • It is worth noting that the government’s proposal contradicts the pension system’s objective, central bank President Rosanna Costa said before a lower house committee on Tuesday.
  • As broadly expected, Chile’s congress gave its final approval to legislation kicking off a new rewrite of the nation’s constitution on Wednesday, following last year’s clear rejection of the first proposal.
    • The bill creates a council of 50 elected delegates and a committee of experts that will support the process. The senate had previously backed the same plan, which had been agreed to by the governing coalition and most of the opposition.
    • The committee of experts will have three months to write a preliminary draft of the constitution beginning in March. The election for council members will be in May, and that body will then continue work on the charter starting in June.
    • The national referendum on the final document is expected to take place in December.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.