Mario Marcel, the Governor of the Central Bank of Chile, has won the Governor of the year award at the Central Banking Awards 2022. Banco Central de Chile is the name of the central bank of Chile.
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When Mario Marcel was named governor of the Central Bank of Chile (BCCh) in October 2016, he took over the leadership of an institution that had secured a reputation as one of the most independent and well-run central banks in Latin America. Marcel took steps to further improve the institution. He changed its internal management structure, reducing the number of monetary policy meetings from 12 to eight. The BCCh also improved the quality of its communications in both English and Spanish. But the BCCh’s reputation, as well as Marcel’s own, would be put to a severe test from 2019.
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