What you need to know today: Rates remain unchanged and cabinet changes
The Central Bank decided to keep the interest rate at 4.5%, while the Government makes adjustments in the Ministry of Women. Additionally, the business sector values the progress in the Nursery bill, and the Education portfolio criticizes the excess of bureaucracy in schools.
The Board of the Central Bank of Chile unanimously agreed to maintain the monetary policy interest rate (TPM) at 4.5%. This figure directly influences the interest rates that banks apply to loans and savings. According to the organization, the risks to inflation—the generalized increase in prices—have been balancing out recently.
In the political sphere, President José Antonio Kast requested the resignation of the Undersecretary of Women and Gender Equality, Daniela Castro. The departure comes after months of tension with Minister Marín. In her place, the President appointed Marcia Raphael, who until now served as the regional authority for Social Development in the Aysén Region.
On the other hand, the Confederation of Production and Commerce (CPC), the country's main business association, highlighted the changes to the Nursery bill. Susana Jiménez, president of the CPC, noted that the initiative has evolved from a labor proposal into a state policy that seeks to encourage more women to join the workforce.
In education, Minister María Paz Arzola stated that the excess of current regulations, protocols, and requirements turns the Ministry of Education (Mineduc) into an "obstacle" for schools. Arzola advocated for simplifying these rules so that educational institutions can focus on student training without so many administrative hurdles.
Finally, the defense of former minister Nicolás Grau presented its arguments before the Chamber of Deputies commission to halt a constitutional impeachment against him. Lawyer Patricio Zapata maintained that no clear legal rules have been violated, requesting that the legal process be dismissed.
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