The new independence of Central Bank of Brazildesigned to shield him from politics, has made him a comfortable target for criticism from the new government, which can use him to fire up his leftist base and blame him for economic problems. Since his inauguration on January 1, President Luiz Inácio Lula da Silva has repeatedly […]
Tag: central bank
Russian economy is a strength, but feel the hardships
Updated on 03/11/2022 03:40 am The sanctions hit the Russian economy hard. The ruble plummets, foreign companies flee and high prices are expected. The usual products could disappear from stores and middle-class achievements such as vacations abroad are in doubt. Beyond the short-term hardship, the economic stagnation that began long before the invasion of Ukraine. […]
BCRP raised the reference interest rate to 3.50%
The directory of Central Reserve Bank of Peru (BCRP) raised the benchmark interest rate to 3.50% as part of the normalization of monetary policy. It is worth emphasizing that this represents an increase of 50 basis points compared to January. This decision was made considering that the twelve-month inflation rate was 5.68% in January, temporarily […]
Banxico faces uncertainty ahead of meeting, according to governor
Mexico’s central bank’s next monetary policy decisions will be data-driven and dependent on any additional price shocks, Governor Alejandro Díaz de León said, indicating that policymakers are not committed to an established path for Interest rates. “We are neither pointing in a certain direction nor ruling out any direction”, Diaz de León said in a […]