The European Central Bank should make two more interest rate hikes, of 50 basis points each, despite slowing inflation, Governing Council member Peter Kazimir said on Monday. Inflation has slowed sharply in the past two months, from 10.6% in October to 9.2% in December, but price growth is expected to pick up again in early […]
Tag: Inflation
Davos 2023: Inflation slows, but no end in sight to cost-of-living crisis
According to experts gathered in Davos 2023global inflation is likely to have peaked, but the cost-of-living crisis facing developing countries and people with lower incomes is unlikely to abate anytime soon. Gita Gopinath, deputy managing director of the International Monetary Fund, participated in the Forum session “Stop the cost of living crisis”: “We believe that, […]
School campaign and tourism, the most affected by the political crisis
After a month of the outbreak of the conflict between the forces of order and the thousands of Peruvians who march nationwide, the backpack carried by small businesses continues to get heavier. Mypes trapped One of the most important economic conglomerates in the country, Mesa Redonda, reports an 80% drop in sales, since businesses are […]
Venezuela, at risk of falling back into hyperinflation?
The rate hikes inflation that Venezuela has registered in the last five months, until the end of 2022, at 305.7% year-on-year, according to independent estimates, arouses fear of falling back into hyperinflationa process that went through four years until the end of 2021 and that impoverished millions of citizens. The nation accumulates five consecutive months […]
Lagarde says in Davos that inflation is still too high
The president of the European Central Bank (ECB)Christine Lagarde, has warned this Thursday in the Davos World Economic Forum about the inflationwhich continues to be “too high” despite the decline experienced in recent months, which practically makes it possible to rule out a recession. Lagarde has regretted that many journalists “they emphasize too much in […]
Patrick Vieira complains about inflation caused by Chelsea’s “huge” spending
After consecutive defeats, Chelsea won again in the English Championship, by beating Crystal Palace 1-0 last Sunday. the coach of Glaziers, Patrick Viera, criticized the posture of the Blues on the market and predicted an inflation of prices for English clubs. “In general, all deals will be more expensive. Clubs from other countries are already […]
Taxes in Lima and Callao will rise up to 15% this 2023
This year, excise taxes in 32 municipalities of metropolitan Lima and Callao will have an increase of between 3% and 15% compared to 2022. This is due to the adjustment in the Consumer Price Index and inflation, according to information from the Chamber of Commerce of Lima (CCL). In this line, the districts that will […]
The US supports its controversial IRA to create industry and well-paid jobs
The Secretary of State for Employment USAMartin Walsh assured this Tuesday, after his arrival at the Economic Forum of Davosthat the controversial approval of the US Inflation Reduction Act (IRA) is a measure that will serve to create industry and “good opportunities for well-paid jobs.” “I believe that the Inflation Reduction Act seeks to not […]
Taxes 2023: 32 districts of Lima and Callao will raise their rates due to inflation, what will they be?
In inflation, everything goes up. The Chamber of Commerce of Lima (CCL) He pointed out that the 2023 taxes in 32 municipalities of Metropolitan Lima and Callao will have an increase of between 3% and 15% compared to the previous year. This is based on the adjustment of the Consumer Price Index – inflation produced […]
Rates for fixed-term deposits can reach up to 10%
Despite the national and international situation, the fixed-term deposit continues to be the financial product that offers the most attractive interest rates and that could gradually reach 10%, according to Arturo García, professor of Finance from ESAN Graduate School of Business. The specialist refers that since the inflation began to rise, from mid-2021, the central […]