Chile’s central bank to boost reserves by over 30%
CBC will purchase $12 billion to bring reserves to 18% of GDP before IMF credit line ends
The Central Bank of Chile will boost its international reserves by $12 billion over the next 13 months, it announced on January 13. The CBC says it has a plan to take its reserves portfolio up to 18% of GDP. The programme will start next week, and will be concluded in 13 months through daily purchases of $40 million.
In December 2020, the central bank’s reserves portfolio stood at $39.2 billion, according to official data. The programme would boost it by over 30%.
This timetable would allow
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