Money plays a fundamental role in the proper functioning of any economy. To safeguard this role, the monetary policy of the Central Bank of Chile must protect the value of the national currency, the peso, aiming at keeping inflation stable and low.

The Central Bank of Chile structures its monetary policy employing a conceptual framework of inflation targets, which is complemented by a floating exchange rate regime. This entails the commitment to use the appropriate instruments to ensure that annual CPI inflation remains most of the time around 3%, with a tolerance range of plus/minus one percentage point.

This commitment directs the expectations of economic agents and transforms the center of the goal into the nominal anchor of the economy.