He Bank for International Settlements (BIS) considers that the central banks they must raise their interest rates more to fight against the high inflation and that they should be left elevated for longer than the public and the investors are waiting. The BIS said in its annual economic report, published on Sunday, that “the inflation […]
Tag: Inflation
Farmer’s Day: in Peru, 4 out of 10 farmers are in poverty
Every June 24, the Day of the Farmer is celebrated at the national level; however, there is little to celebrate. In Peru there are more than 2 million 200,000 farmers grouped in more of 6,200 peasant communities and 1,322 native communities, according to him Ministry of Agrarian Development and Irrigation (Midagri). Thus, rural men and […]
The deepening of the economic deterioration puts the ECB in a dilemma
The growth of the companies Euro zone stalled this month as the manufacturing recession deepened, and previously resilient activity in services barely grew, leaving the European Central Bank before a dilemma of monetary politics. The HCOB Composite Purchasing Managers’ Index (PMI) of the 20 countries sharing the euro, compiled by S&P Global and considered a […]
Food insecurity: up to 4 out of 10 Peruvians are malnourished
Until March of this year, the caloric deficit —which measures the amount of calories consumed for a home—in Peru it reached 35.4%, while in metropolitan Lima it amounted to 40.7%, according to data from the latest report on Evolution of Living Conditions from the National Institute of Statistics and Informatics (INEI). Thus, from an approximation […]
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 […]
Julio Velarde: “We expect to close the year with inflation of 3.3%”
The president of the Central Reserve Bank (BCRP), Julio Velarderevised upwards Peruvian inflation in 2023 and placed it close to 3.3%, above the levels forecast in previous projections, and assured that the target range of 1% – 3% will be reached in the first quarter of 2024. In the update corresponding to June, the head […]
European Central Bank raises its interest rates by 0.25% for the eighth consecutive month
The European Central Bank (ECB) again raised the interest rates officials this Thursday in 0.25 points percentage. This is his eighth consecutive hike since he began to tighten monetary policy to deal with inflation. Thus, the Governing Council of the monetary authority has carried out the 4% main rate (the highest level since July 2008, […]
Fed debates between continuing to raise rates or taking a breather
The members of the Federal Open Market Committee of the Federal Reserve Americans begin a meeting on Tuesday in which they will decide if the ten rate increases carried out in the last year are enough or if it is necessary to continue raising them. While on previous occasions the rises were expected by most […]
Market expects Fed to pause rate hikes
A pause in monetary tightening? The Monetary Committee of the Federal Reserve meets this week and could, for the first time since March 2022, maintain its benchmark interest rate to avert the risk of a recession, despite inflation that remains strong. “I think we will see a pause next week,” Lydia Boussour, an economist at […]