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Political Forces to Limit New Constitutional Drafting

CHILE
  • The heads of Chile's upper and lower houses announced on Oct. 8 that Congress reached a breakthrough agreement on what the country's new constitutional drafting process will look like, Ex-Ante reported Oct. 9.
    • Leaks of the agreement show that the popularly-elected body drafting the constitution rewrite will not be able to change Chile's three branches of government, the unitary governmental system or security forces.
  • Chile central bank decision after markets close on Wednesday. The range of forecasts among surveyed analysts for this Wednesday’s BCCh meeting varies from unchanged, through to a 75bp hike. Our full preview will be published later today.
  • Wrapping up its fx intervention program, Chile’s central bank will roll over $2.165b in FX forwards this week, starting with $450m today.
  • South Korea’s Han Duck-soo delivers a keynote lecture at UN’s Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago as part of a South American trip.
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