The economic activity of Argentina it managed to grow 5.2% last year, well below the strong recovery registered in 2021, and faces forecasts of further cooling for this year, given the persistent imbalances that afflict the South American country. Economic activity slowed down significantly last year compared to the growth levels of 10.4% that had […]
Tag: Inflation
Super peso: the advantages of the appreciation of the Mexican currency against the dollar
He super weight It is the denomination that the Mexican currency has adopted in the financial community due to its surprising performance since 2022. And it is that, since the beginning of 2023, while the value of other international currencies decreased against the dollar, the Mexican currency maintained its position. Thus, the Mexican super peso […]
The country that suffered the worst inflation on record and where prices doubled every 15 hours
Much is known of the inflation and how it can cause the prices of basic products to rise in a matter of hours. Hungary knows very well about this economic concept and suffered the worst inflation recorded in 1946. At its peak it reached 41,900,000,000,000,000%. Reason why every fifteen hours, the average prices doubled. The […]
Economists in Brazil advise against changing central bank targets
The leading economists of Brazil They told the central bank that raising inflation targets now would only raise doubts about the government’s commitment to sound fiscal and monetary policies, according to seven participants in a meeting with the monetary authority on Monday. Economists expressed the unanimous opinion that such a move, at a time when […]
Brazil and Mexico get little relief after inflation data
Official data released Thursday showed Brazil’s consumer prices rose 5.77% in January from a year earlier, down slightly from December, even as policymakers keep rates at 13.75%. Meanwhile, Mexico’s annual inflation accelerated to 7.91%. Policy makers in both nations are counting on high rates and moderate growth to control inflation above target. Still, Brazil’s central […]
Yellen pressures the World Bank to expand its balance sheet
However, he stopped short of asking World Bank shareholders, among which the United States is the largest, to provide more capital, a move that the bank’s management seems willing to consider. “The Bank must strengthen its financial capacity by responsibly expanding its current financial resources”Yellen declared in a speech at the Center for Strategic and […]
BCRP pauses bullish cycle and maintains the reference rate at 7.75%
It is the first interruption after 17 months of consecutive increases. Future adjustments will be conditional on inflation and the macroeconomic effects of recent social events, warns the monetary authority. The Board of Directors of the Central Reserve Bank of Peru (BCRP) agreed to keep the benchmark interest rate at 7.75%, after 17 months of […]
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 […]
Fed’s Waller sees no signs of a ‘rapid’ decline in inflation
The inflation looks set to slow further this year, but the central bank’s battle to reach its 2% target “could be a long fight” if monetary policy remains tighter for longer than expected, the governor of the Federal ReserveChristopher Waller. “There are signs that food, energy and housing prices will moderate this year”Waller said Wednesday […]
ECB and Fed differ on the final stretch of rate hikes, according to experts
The last decisions of European Central Bank (ECB) and of the Federal Reserve (Fed) of the United States reflect, according to experts, the divergences of both institutions in what they interpret as the final stretch of the tightening of their monetary policies to subdue inflation. The ECB executed its fifth rate hike (half a point) […]