Chile’s Central Bank prepares investment measures to mitigate pensions withdrawal

Chile’s Central Bank said  that it will intervene to mitigate a possible uptick in market volatility with a second withdrawal by citizens from their privately held pension funds. The bank said that the process would result in “an important liquidation of assets” by the Pension Fund Administrators (AFP) to comply with the payments. As a result, it said it would reopen programmess deployed during the first withdrawal from the pension funds to buy up to $16.250 billion in shares, term deposits and securities that could be offloaded by the AFPs.

Source: Nasdaq