by a press conference of the cbc governor at the bank's premises. by publishing this report the day after the meeting, the board will have the chance to reinforce the communication of the grounds that justify the policy decisions. in general, the vast majority of central banks publish their reports or similar documents on the same day that monetary policy decisions are announced. the monetary policy report will continue to be submitted to the senate immediately after its publication, in dates that will be agreed upon with the respective instances. the financial stability report, for its part, will continue to be published twice a year, but will now be made separately from the monetary policy report, in may and november ( table 4 ). the two reports will now more actively integrate the outcome of the economic and financial research work carried out by the bank in matters of particular relevance to the institution's policy decisions. a first step in this direction is the document on trend growth attached to the present mp report. all the changes i have described will become effective in january 2018. in addition, in september of each year we will publish the calendar with the dates of the monetary policy meetings and the publication of the reports of the next calendar year. for 2018, this calendar will be published next thursday, september 14th. all these changes are part of the bank's strategic plan and are intended to strengthen the current monetary policy framework, in order to reinforce compliance with the objective of price stability. moreover, these measures are the product of a thorough internal evaluation and reflect both the bank's accumulated experience and the best practices established at the international level. concluding remarks with this presentation i hope to have shown how the central bank of chile continues to fulfill the responsibilities assigned to it by the law, while progressing in its adaptation to new challenges and the need to maintain and enrich the trust of the citizens. the bank has no agenda other than the functions and tasks entrusted, but these are enough to motivate a continuous effort of improvement that today takes special relevance. as i mentioned in my first presentation to the finance committee last december, this year we are carrying out a strategic planning exercise that will allow us to establish a framework for our institution ’ s development over the next five years. to prepare this exercise, we did widespread consultations, which included, among other things, close to a hundred interviews with corporate counterparties. i would like to thank the senators who answered our questions. a series of initiatives will come out from the strategic planning process that will help the

0. 3 0. 3 0. 0 0. 0 - 0. 3 - 0. 3 - 2 - 2 - 0. 6 - 0. 6 - 4 - 4 - 0. 9 - 0. 9 - 6 - 1. 2 - 1. 2 - 8 - 1. 5 - 1. 5 resto total - 6 rr. nn. - 8 apr. 14 apr. 15 apr. 16 apr. 17 ( * ) difference between annual variations of the original and the seasonally - adjusted non - mining imacec. source : central bank of chile. figure 3 domestic demand and components ( real annual change, percent ) private consumption final demand ( * ) - 2 machinery & - 5 equipment ( right axis ) - 4 - 10 construction & other works - 6 - 15 - 8 - 20 ( * ) without inventory change. source : central bank of chile. figure 4 labor market ( percent ) total employment ( annual change ) unemployment rate self - employed ( annual change ) ( right axis ) - 3 salaried ( annual change ) - 6 - 5 - 10 source : national statistics institute ( ine ). figure 5 consumer expectations : ipec interest rate by type of loan ( original series ) ( index, july 2017 = 100 ) 80 country's economic purchases of situation 12 mo. household 70 ahead items housing commercial consumer current personal economic situation ipec ( 1 ) value above ( below ) 50 indicates optimism ( pessimism ). ( 2 ) weighted averaged rates of all operations performed in each month. ( 3 ) loans denominated in ufs. sources : adimark and central bank of chile using sbif information. figure 6 contribution of gfcf to annual gdp growth imports of capital goods ( annual change, percent ) ( percentage points ) 2. 0 2. 0 1. 5 1. 5 gfcf 1. 0 0. 5 1. 0 machinery & equipment 0. 5 0. 0 0. 0 - 0. 5 - 0. 5 - 1. 0 - 1. 0 - 1. 5 construction & - 1. 5 other works - 2. 0 - 2. 0 total - 20 - 20 minus other - 40 transportation ( * ) - 60 - 60 10 11 12 13 14 15 16 17 - 40 ( * ) excludes non - regular transportation vehicles ( airplanes, ships, helicopters and trains ). source : central bank of chile. figure 7 parities with the us dollar real exchange rate ( change accumulated