Inflation in the last month reached 1.60% in the Imperial City and exceeded the record of the last decade. The departmental director of INEI Cusco, Henry Chacacanta Huari, pointed out that the variation in prices continues to rise. According to the date, 206 products of the basic family basket increased in price in Cusco, such […]
Tag: Inflation
Inflation prospects may cloud the results of European companies
European companies are expected to have dealt with record inflation in the first quarter, but the big question for investors as the earnings season starts strong next week will be their outlook for the rest of 2022. Earnings are expected to have grown 25% in the three months to the end of March, a much […]
Refund of Fonavi: Fiscal Council recommends not calculating the current amount of the debt with the IPC
The Tax Council (CF) has suggested not using the consumer price index to calculate fiscal liabilities such as the agrarian reform bonds, the commitments of the National Housing Fund (FONAVI), the social debt with public workers, among others. The entity justified that the way in which the CPI is calculated presents biases that cause the […]
ECB should keep in mind a rate hike in 2022 if inflation justifies it, says Bundesbank chief
The European Central Bank should continue to normalize monetary policy and anticipate raising interest rates, possibly as soon as this year, if the inflation outlook warrants it, Germany’s central bank president Joachim Nagel said on Monday. As Russia’s war in Ukraine darkens the outlook, the ECB took only a small step in withdrawing its monetary […]
Julio Velarde: “Private investment remains extremely strong”
As every three months, the Central Reserve Bank of Peru (BCRP) yesterday updated its projections on economic activity and maintained its growth estimates for Gross Domestic Product (GDP) for this year at 3.4% and 3.2% for 2023. However, the monetary entity warned that the figures given are with a greater degree of uncertainty as a […]
FED raises its interest rates after two years
The US Federal Reserve made its first quarter-point rise in benchmark interest rates on Wednesday to take it to 0.25%-0.50% and thus combat annualized inflation of 7.9% in February, the highest since 1982. The boss of the entity, Jerome Powellannounced that the high consumer price index will remain that way until June and that it […]
The Fed would already be ready to increase reference interest rates to face inflation
As the war in Ukraine creates new uncertainties, the US central bank could raise its benchmark interest rates this Wednesday to fight inflation, two years after taking them to zero to help the economy faced with the crisis. COVID-19. The Fed’s goal is to pressure commercial banks to offer their customers higher interest rates on […]
War in Ukraine: food prices could rise by up to 22%
The Food and Agriculture Organization of the United Nations (FAO) estimates that food prices could rise between 8% and 22% if the interruption in world trade as a result of the conflict between Russia and Ukraine. “It is worrying that the resulting global supply gap could increase international food prices between 8% and 22% above […]
BCRP raised reference rate to 4.0% and expects inflation to return to the target range in 2023
The board of the Central Reserve Bank of Peru (BCRP) agreed today to raise the reference interest rate by 50 basis points to 4.0%, thus continuing with the normalization of the position of monetary politics. In the decision of the board of directors of the issuing entity, it was taken into account that the twelve-month […]
ECB revises upwards its inflation forecasts in 2022 to 5.1%
Updated on 03/10/2022 04:36 pm The European Central Bank (ECB) has notably revised upwards its forecasts for inflation in 2022 to 5.1% from the 3.2% forecast it made in December. The president of the ECB, Christine Lagarde, said this Thursday at a press conference that “the Russian-Ukrainian war will have a material impact on economic […]