The economy of Estoniawhich was “star” Among the three Baltic countries and a leader in innovation, it is finding it difficult to avoid the current recession and experts consulted by EFE also warn of a drop in the country’s potential that would allow its immediate recovery. In addition to recording higher growth and better wages, […]
Tag: Inflation
“The economy is still going through a difficult situation,” warns the BCRP
Less than two months before the end of 2023, the peruvian economy It does not show clear signs of recovery and is on track to record its third consecutive quarter of decline. And, after having registered falls in the first (-0.4%) and second quarter (-0.5%), the Central Reserve Bank of Peru (BCRP) predicts that in […]
BCRP reduced the reference interest rate to 7.00%
The board of directors of the Central Reserve Bank of Peru (BCRP) reduced the reference interest rate to 7.00%, a ratio not seen since October of last year. After a cycle of consecutive increases to mitigate inflation, the BCRP once again lowered the reference rate for loans in the national market by 25 basis points. […]
Banco de México maintains the interest rate unchanged at 11.25% for the fifth time
He Bank of Mexico (Banxico) remained unchanged this Thursday, for the fifth consecutive time, the interest rate at 11.25%, the highest level in its history, announcing that it will still have to keep it that way “for a certain time”. In its announcement, which was within market expectations, the central bank “recognized that the disinflationary […]
Fed’s Barkin: It remains to be seen whether monetary policy needs to be tightened
The president of the Federal Reserve of Richmond, Thomas Barkinstated on Thursday that, although there have been “real progress” in matters of inflationit is still unclear whether the US central bank will have to raise its official interest rate to finish the job. “I foresee some kind of slowdown, as I think the net impact […]
BCRP would resume cuts in its reference rate today
The Board of Directors of the Central Reserve Bank of Peru (BCRP) will decide today if they continue to cut the interest rate or if they keep it at 7.25%. Although, according to the consensus of specialized entities, they would subtract 25 basis points, placing it again at 7.0%: a ratio not seen since October […]
Fed: US growth was “extraordinary” and we must pay attention to it
The governor of the Federal Reserve, Christopher Wallersaid on Tuesday that the economic growth of USA in the third quarter, with an annualized rate of 4.9%, was a result “extraordinary” which deserves to be watched as the Federal Reserve considers its next monetary policy measures. “It has been an extraordinary quarter, a spectacular figure”Waller said […]
BCR decision among the economic keys that will mark the week in America
This week will be key to analyze the evolution of inflation in the large Latin American economies, such as Brazil, Mexico, Chile and Colombia, and the response of central banks, with decisions in Mexico and Peru. These are the keys that will mark the week in America: Monday 6 The Central Bank releases the result […]
Economic agents predict that the dollar would close the year at S/3.80
In the last survey of macroeconomic expectations carried out by the Central Reserve Bank of Peru (BCRP), economic analysts, representatives of the financial system and non-financial companies.projections were revised upwards again for the dollar at the end of the year (see chart). In this way, the US currency is now expected to close 2023 with […]
Arequipa is the most expensive city in the south due to October inflation
In October 2023, annual inflation amounted to 4.5% nationwide, according to the National Institute of Statistics and Informatics (INEI). This figure maintains a constant decline from its peak of 8.8% in June 2022. However, inflation remains above the 1% to 3% target range established by the Central Reserve Bank (BCRP). This persistenceIt is mainly due […]