The objective of the Central Bank of Chile as an autonomous technical body of constitutional rank is to ensure the stability of the currency and the normal functioning of internal and external payments. For this reason, the legal system has conferred upon it broad regulatory powers in matters of monetary, credit, financial and international exchange matters (Articles 108 and 109 of the Constitution, Article 3 and Title III of the Constitutional Organic Law).

Economic rules

This legal framework and the provisions issued by the Bank in accordance therewith constitute economic public policy regulations, since they are mandatory regulations applicable to the development of economic activities. The rules that the Board may adopt on this matter take the form of Agreements (included here along with other instructions or resolutions of the Bank intended to apply or implement them) communicated by means of Circulars or Circular Letters.

The Compendia of Regulations (approved by the Agreements) are included separately. They are systematized and updated compilations of general regulations concerning specific matters, namely the Compendium of Monetary and Financial Regulations and its Manual, the Compendium of Financial Regulations, and the Compendium of International Exchange Regulations and its Manual.

Finally, the documentation concerning recent processes of Public Consultation on Regulations is also included.

The Circulars and Circular Letters are communications issued by the Central Bank of Chile, through which certain regulatory changes are reported to the general public or to economic agents participating in the financial market.


Thus, the Circulars inform the public of the issuance, validity, modification or suppression of regulations contained in the Compendia of Regulations and their respective Manuals.
Furthermore, Circular Letters are used to inform the issuance of rules or instructions of an operational or particular nature applicable to particular types of regulated entities, including banks, entities of the Formal Exchange Market, pension fund administrators, insurance companies, mutual fund administrators, stockbrokers and securities brokers, the unemployment fund administrator, securities transport companies, and companies administering Law No. 20,345, among others (for example, as members of the Bank’s Primary Market for Debt Instruments).



The higher direction and management of the Central Bank is the responsibility of the Board, as well as to exercise the powers and fulfill the duties entrusted to the Bank by law.

This collegiate body expresses its will through Agreements, which are adopted at Board meetings held in accordance with the rules of constitution and quorum established in the Constitutional Organic Law.



Reproduction of extracts of agreements or resolutions of a particular nature adopted by the Board, which, duly certified by the Minister of Faith, are published for the purpose of public dissemination and notified in the manner provided for in Article 68 of the Constitutional Organic Law.



Internal Regulations

 

The Board of the Central Bank of Chile has the authority to issue the necessary internal regulations for its proper functioning and that of the Bank. It is also responsible for issuing the general rules to which the Bank must adjust its operations, in addition to approving the Bank’s staff regulations (Articles 6, 11, 18, 81 and 81 bis Constitutional Organic Law). This site provides access to the Internal Regulations for the Functioning of the Board and other Regulations adopted by the Board, such as those relating to Staff Regulations and the Use of Electronic Documents and Advanced Electronic Signature.


Latest publications

 
/ Notice/ Press

Programa operaciones, semana 21 al 25 de octubre de 2024

18 October 2024

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/ Discussion Notes/ Research-Papers

Discussion Notes Nº6 October 2024: The Productivity Slowdown

18 October 2024

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/ Press/ Press Releases of RPM

At today’s Monetary Policy Meeting, the Board of the Central Bank of Chile decided to lower the monetary policy interest rate by 25 basis points, to 5.25%. The decision was adopted by the unanimous vote of its members.

17 October 2024

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/ Press/ Press releases

Presidenta del Banco Central, Rosanna Costa, participará en reuniones anuales del FMI y Banco Mundial

16 October 2024

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/ Encuestas/ Press

Resultados de la Encuesta sobre Créditos Bancarios Tercer trimestre de 2024

16 October 2024

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/ Notice/ Press

Indicadores de Coyuntura Semanal al 15 de octubre de 2024

15 October 2024

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/ Research-Papers/ Publications

Working Papers N° 1025: Strike while the Iron is Hot - Optimal Monetary Policy with a Nonlinear Phillips Curve

14 October 2024

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