The central bank of China said on Thursday it would step up macroeconomic policy adjustments to support the economy and promote a rebound in pricesamid signs of growing deflationary pressures. The People’s Bank of China (PBOC) will maintain reasonably ample liquidity and guide reasonable credit growth, it added in a statement after a quarterly meeting […]
Tag: Inflation
The Brazilian Government increases the minimum wage by 6.8%
The Brazilian Government announced this Wednesday that the minimum salary As of January 1, the country will have an increase of 6.8%, a rate that exceeds the inflation year-on-year recorded until November, which was 3.8%. With this increase, the minimum wage in Brazil will reach 1,412 reais (US$294)the same value to which the retirement and […]
Argentina will issue 20,000 and 50,000 peso bills due to high inflation
President Javier Milei confirmed that the Central Bank is preparing the issuance of 50,000 and 20,000 peso bills before the high inflation and the multiple complications that the lack of a higher denomination paper than the current one brings to the economy. The measure was announced in an interview with the LN+ channel, which also […]
Brazil grows and curbs inflation, but its deficit skyrockets in Lula’s first year
The president of BrazilLuiz Inácio Lula da Silva, completes the first year of his mandate with a economic growth much higher than expected, the low inflation control and unemployment in single digits, but with the public deficit on the rise. All the forecasts at the beginning of the year gave the largest economy of Latin […]
Argentina places debt in the local market for US$ 604 million
Argentina placed this Tuesday in the domestic market bonds of the Treasure in Argentine currency for a total effective value of 500,000 million pesos (about US$604.7 million), official sources reported. In this Tuesday’s operation, the last of this year and the second that the Treasury has carried out since the ultraliberal economist Javier Milei assumed […]
7 out of 10 Peruvians are worried about price increases in 2024
On the eve of the New Year, the main concern of Peruvians is the increase in prices. According to a Kantar report, 71.3% of the population is intrigued by the future of inflation towards 2024. “It is something that 7 out of 10 Peruvians are very aware of (inflation) and, in second place of concern, […]
Javier Milei’s 30 key measures for the deregulation of the Argentine economy
The Argentine president Javier Milei said Wednesday that he signed a decree that includes more than 300 measures aimed at deregulating the economy of the country, which includes the elimination of laws on price controls and the promotion of industrial activity. Milei is a libertarian economist who became president of Argentina less than two weeks […]
Argentines flee bank deposits after huge official rate cut: sources
The banks of the Argentine financial system showed on Tuesday an abrupt cancellation of deposits in pesos in response to the decision of the central bank (BCRA) to abruptly cut the rate within the framework of a new monetary policy, two sources in the sector told Reuters. Savers now receive a maximum of 110% per […]
Argentine government will remove social aid from those who attend protests
He Government of Argentina confirmed this Monday that those beneficiaries of social plans who attend protest marches will stop receiving that state aid and affirmed that the Executive will seek to eliminate the intermediation of social organizations for the granting of those subsidies. “The only ones who are not going to receive the plan are […]
Banxico: adjustments to key rates could be gradual, says its governor
The governor of central bank of Mexico (Banxico)Victoria Rodríguez, considers that the downward adjustments in the rate key of the entity could be gradual and will depend on the behavior of the inflationaccording to an interview published on Monday in the newspaper El Financiero. Banxico decided last week to maintain its reference interest rate at […]