The Liberal Party (Spanish: Partido Liberal, PL) was a Chilean centrist political party existing between 1988 and 1994.

[1] The Liberal Party was founded on May 31, 1988[2] as a continuation of the Liberal-Republican Union,[3] formed in 1987 following the merger of the Liberal and Republican parties.

[5] It supported the "No" option in the plebiscite of 1988, and was one of the founders of the Concertación, but the party left soon after to support Francisco Javier Errázuriz Talavera in the presidential election of 1989.

The party also was constituting an electoral pact with the Chilean Socialist Party for the parliamentary election of that year.

On July 17, 1990, the Liberal Party (led by Carlos Cerda)[6] merged with the Party of the South, which risked its dissolution by the Electoral Service, adopting the name of the first.