Fynsa
The Central Bank published its September Monetary Policy Report, the famous IPoM. It came with several novelties, some of which we would like to highlight.
In September 2014, Law No. 20.780 materialized the most profound change in the last 40 years regarding taxes in Chile. Today, the issue is back on the table with the Tax Obligations Compliance project, promoted by the Government.
We are in an economic environment in which monetary policy rates continue to decline, while inflation remains at high levels. This situation has led to lower and lower yields on time deposits, making short-duration funds less competitive.
In Chile, the dollar is at historically high levels and with the main factors that have explained its rise already discounted, it only remains to wait for the variables to be resolved.
