Chile Central Bank to suspend measures to alleviate impact of pension withdrawal

Chile’s central bank said it would suspend measures it had adopted to mitigate the impact of the partial withdrawal of pension funds that began in July. Policymakers had previously warned of liquidity risks and market volatility after Chile’s Congress in July passed a law that allowed Chileans to withdraw 10% of their savings from Chile’s private Pension Fund Administrators (AFP).

Source: Nasdaq