On November 20, the Chilean Central Bank (BCCh, for its acronym in Spanish) adjusted the financial systems liquidity management program in order to make the auction calendar published in previous provisions more flexible. The new program establishes that the BCCh will announce the calendar for the following week associated with REPO operations (repurchase agreements) every Friday, as well as the purchase of currency swaps and repurchase of Central Bank securities. The program maintains its original term date, agreed for January 9, 2020.

The adjustment seeks to increase the effectiveness of operations announced in local and foreign currencies, in order to facilitate the liquidity management of the local financial system. On the other hand, the maximum amount of swap operations is maintained for a stock of US$ 4 billion and the provision of liquidity through the REPO and Repurchase windows.