Former President Michelle Bachelet has based her campaign to recapture Chile’s top office on a program of free education for all and higher corporate taxes. Her main opponent calls that model a throwback to the era of the Berlin Wall.
Chile’s central bank is reviewing its dollar-purchase program after the peso slumped, bank President Jose De Gregorio said yesterday, less than a month after stating that policy makers had no plans to change the program’s time line. The peso strengthened today.
Chilean banks charge inexplicably high rates for consumer loans while offering cheap financing for companies, central bank President Jose De Gregorio told a gathering of bankers today, according to a copy of his speech published on the central bank website.