Recently, the Brazilian Senate approved a bill, drafted by the president Lula da Silvawhich increases the tax burden on the exclusive funds of high-yield taxpayers and financial investments abroad—known as offshore—of companies or individuals. The initiative returned to Da Silva’s office for its promulgation, in a context in which the slogan of his third term […]
Tag: central bank
Fed minutes confirm another rate hike likely this year
The majority of the members of the Federal Open Market Committee of the Federal Reserve of USA (Fed) estimated in their last meeting that another interest rate increase will be necessary before the end of the year. The US central bank published this Wednesday the minutes of its last meeting, held on September 19 and […]
Kurt Burneo: “The slowdown (of GDP) is also the fault of the BCRP”
Kurt Burneo does not question the work of the Central Reserve Bank (BCRP) in these years of volatility, although it questions that it is attributed all the evils in the indicators to the MEFwhen the policy of high rates in recent years has made the cost of credit more expensive. —What is the most palpable […]
Government of Chile slightly lowers its growth forecast for 2023
The government of Chili lowered this Wednesday by one tenth its growth forecast for the economy for 2023 up to 0.2% and forecast that average inflation will reach 7.8% year-on-year amid the adjustment of local activity after the rapid post-pandemic recovery. By 2024, the Executive expects an increase in gross domestic product (GDP) of 2.5%while […]
Central Bank of Brazil leaves rates unchanged, but moderates its tone
He Central Bank of Brazil left Wednesday unchanged his interest rate of reference, for the seventh consecutive meeting, but adopted a more moderate message about its future steps by excluding from its statement of monetary politics the possibility of upcoming increases in the cost of credit. After more benign inflation data and progress in Congress […]
BCRP forecasts that inflation will close the year above the range at 3.3%
This year, the economy will grow less than expected and households will continue to spend more to survive, according to the recent projections of the June inflation report from the Central Reserve Bank of Peru (BCRP). In terms of inflation, the entity increased its annual figure from 3.0% to 3.3% after the climatic emergency of […]
BCRP: trade balance accumulates surplus of US$10,999 million in the last 12 months to April
He Central Reserve Bank (BCRP) reported that the accumulated trade balance in the last twelve months reached a surplus of US$10,999 million until April 2023. The issuing entity indicated that the trade balance registered a monthly surplus of US$1,214 million in April, US$903 million higher than the result of April 2022. Despite the higher volumes […]
BCRP: users reported that the Central Bank’s website was down after Google’s error regarding the dollar price
A lapse on the part of Google has generated the concern of many Peruvians. And it is that the internet search engine puts the price of the dollar at S / 5.20 this May 8, 2023. This is wrong, since the US currency actually opened today at S / 3.7073. Even so, many people are […]
Latin America needs high rates for longer, says Colombia’s central bank
There is consensus among those responsible for the monetary politics of the region in which interest rates will have to remain high “for some important time” to guarantee that inflation decelerates decisively, said the general manager of the Bank of the Republic, Leonardo Villar. The main economies of Latin America are likely to maintain a […]
Inflation in Chile exceeds consensus in test for central bank
Prices rose 0.8% from the previous month, beating all estimates in a Bloomberg survey, whose median was 0.5%. Annual inflation fell to 12.3%, the National Institute of Statistics (INE) reported on Wednesday. Inflation in Chile is slowly converging towards the 3% target, from a three-decade high reached last year. Even so, central bank president Rosanna […]