Enrique Seguel Morel

Pedro Enrique Seguel Morel (born 22 August 1938) is a Chilean military officer and economist.

He served as Undersecretary and Minister of Finance during the military dictatorship of General Augusto Pinochet, and as president of the Central Bank of Chile from 1985 to 1989.

Family and education He was born on 22 August 1938 to Enrique Seguel Guerra and Olga Morel de Seguel.

Public career Seguel began his public-sector career in 1979 when General Augusto Pinochet appointed him Undersecretary of Economy. He later held the post of Undersecretary of Finance until 1983.

Between 1985 and 1989 he served as President of the Central Bank of Chile. In 1989 he replaced Hernán Büchi as Minister of Finance, holding the rank of Brigadier General in the Chilean Army. During his administration Law No. 18 840 was enacted, granting autonomy to the Central Bank, along with legislation regulating investment funds. His term was criticised for a rise in inflation, which reached 21.4 per cent in 1989 after a 12.7 per cent increase the previous year.

In December 1989 he was appointed Councillor of the Central Bank of Chile as the institution implemented its new Organic Law. Appointed for a six-year term, he served from 9 December 1989 until December 1995, after which he entered the private sector.

He later sat on the boards of the telecommunications operator Entel and the construction firm Delta, among other companies.