PoliticsSingle-source
2.1
BancoEstado President criticizes prohibition of interest on interest in Chile
La TerceraLO·CL·about 7 hours ago
Finance Minister Jorge Quiroz announced a suppressive veto regarding the prohibition of anatocism (interest-on-interest) within the government's mega-reform package. The move signals a shift in the administration's legislative strategy to maintain current financial practices despite reform pressures.