Chile: 2009 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile

September 9, 2009

Preview Citation

Format: Chicago

Chile: 2009 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile, (USA: International Monetary Fund, 2009) accessed November 22, 2024

Summary

This 2009 Article IV Consultation highlights that the Chilean economy has proved resilient in the face of the global financial crisis. The policy response to the crisis has been sizable, well balanced, and coordinated. Executive Directors have commended the Chilean authorities for their sound policy framework underpinned by an inflation target regime, a structural budget rule, and a flexible exchange rate regime. Directors have also endorsed the Central Bank of Chile’s decision to implement alternative means of monetary easing to support activity and a return of inflation to the target.

Subject: Banking, Central bank policy rate, Credit, External debt, Financial services, Fiscal policy, Money, Public debt

Keywords: BCCh, Central bank policy rate, Central bank recapitalization, CR, Credit, Global, ISCR, Liability positions vis-à-vis nonresident, Policy, Policy meeting, Rate, Staff appraisal, Superintendency of bank

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/271
Stock No:

1CHLEA2009001
ISBN:

9781451807691
ISSN:

1934-7685

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