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Chile Steps Up Guard Against Real Estate Bubble, Mercurio Says

Nov. 23 (Bloomberg) -- Chile’s central bank and Finance Ministry created a working group to guard against a possible bubble developing in the real estate market, El Mercurio reported today, citing the ministry’s International Finance Coordinator Ignacio Briones.

The working group is part of the financial stability council, which in addition to the ministry and central bank includes the securities and pension regulators, the Santiago-based newspaper reported.

To contact the reporter on this story: Randall Woods in Santiago at rwoods13@bloomberg.net.

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.

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