Macro Analysis /

Chile: BCCh resumes USD 10bn repo program to contain impact of pension saving drawdowns

    30 April 2021
    • Repo program essentially the same used in the first two rounds, but without a separate program of deposit purchases
    • BCCh makes no mention of possibility of adding sovereign bonds as repo collateral
    • Repo program still looks adequate, markets may be disappointed BCCh isn't more aggresive