Chile's Larrain says civil unrest will 'undoubtedly' have an impact on the economy

By Fabian Cambero SANTIAGO (Reuters) - Chile's finance minister Felipe Larrain said on Monday that civil unrest which has claimed 11 lives, shut down the transport network and seen scores of businesses damaged will 'undoubtedly' have an impact on the economy. Larrain told a press conference in Santiago that the situation remained 'relatively normal', adding: 'What we have tried to ensure is that in the face of this adversity the payment system works properly

Reuters October 22, 2019 02:10:56 IST
Chile's Larrain says civil unrest will 'undoubtedly' have an impact on the economy

Chiles Larrain says civil unrest will undoubtedly have an impact on the economy

By Fabian Cambero

SANTIAGO (Reuters) - Chile's finance minister Felipe Larrain said on Monday that civil unrest which has claimed 11 lives, shut down the transport network and seen scores of businesses damaged will "undoubtedly" have an impact on the economy.

Larrain told a press conference in Santiago that the situation remained "relatively normal", adding: "What we have tried to ensure is that in the face of this adversity the payment system works properly.

"Undoubtedly this is going to have an effect on the economy, on economic activity. We can diminish that effect by working together but it will be a significant effect."

The Central Bank governor Mario Marcel said the bank had not considered it necessary to adopt additional measures to keep financial markets operational.

(Reporting by Fabian Cambero; writing by Aislinn Laing, Editing by Franklin Paul)

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