Recommendations Made by the 2019 Independent Evaluation Panel


In September 2018, the Board of the Central Bank of Chile commissioned an Independent Evaluation Panel to assess the the fulfillment of its legal objectives enshrined in the Bank’s 1989 Constitutional Organic Law, which comprises both price and financial stability. The Panel was charged with reviewing the Bank’s autonomy; the influence and impact of its policy actions; the adequacy of its policy framework and tools to fulfill its objectives (price and financial stability); the effectiveness of its organization, procedures, and policy tools in meeting these objectives; and the quality of its communications. In all these areas, the Panel was also requested to make recommendations. The Panel delivered a set of 40 recommendations, 24 of which refer to monetary policy, 13 to financial policy and 3 to general corporate issues.