At the end of November of this year, the assets managed by the mutual funds It reached S / 32,766 million, representing an increase of 0.25% compared to the previous month, but a decrease of 27.35% compared to the last 12 months, according to the Association of Mutual Fund Administrators of Peru. Regarding the number […]
Tag: Inflation
BCRP raises the benchmark interest rate to 2.50% to contain inflation
The new directory of the Central Reserve Bank of Peru (BCRP) agreed to raise the benchmark interest rate by 50 bps. to 2.50%, in a decision that continues with its expansionary monetary policy, but that does not necessarily imply “a cycle of successive increases” for said rate. To make this decision, the issuing entity considered […]
US bank executives are concerned about persistent inflation
Bank executives from USA expressed concern about the impact of a sustained acceleration of the inflation, which increases pressure on the Federal Reserve to accelerate plans to reduce the pace of its asset purchases. Senior banking officials are increasingly concerned that inflation could affect borrowers’ ability to repay loans, slow US economic growth and destabilize […]
In Brazil, fish heads replace meat by stagflation
Signs of the pain caused by inflation are everywhere in the favelas surrounding the metropolises of Brazil. There is the collected firewood that replaces the gas for cooking; and fish heads and spines are poured into stews instead of beef and chicken; and the intricate alarm tags that grocers wrap around cuts of meat to […]
Expectations of hiring of 3-month personnel went to the optimistic stage in November
The Central Reserve Bank of Peru (BCRP) reported that in its latest survey of macroeconomic expectations carried out in November, it revealed that 9 indicators, out of a total of 18, were located in the segment optimistic, while in the previous month this figure was 10. Although most indicators showed a decrease, an improvement was […]
OECD inflation reached its highest since February 1997 in October
Updated on 02/12/2021 09:35 am Year-on-year inflation in the OECD as a whole jumped again in October to 5.2%, six tenths more than in September, mainly due to energy, and thus reached its highest level since February 1997. Between October 2020 and the same month of this year, energy prices increased by 24.2%, and that […]
Fed: US companies grapple with price hikes and labor shortages
The economy of USA expanded at a modest to moderate pace in October and the first half of November, as companies faced rising growth inflation and the problems of filling vacancies amid the labor shortage, showed a survey carried out by the Federal Reserve (Fed). “Prices rose at a moderate to robust pace, with widespread […]
Inflation and pandemic fears hold back US consumer confidence, house prices cool
US consumer confidence fell to a nine-month low in November amid concerns about the rising cost of living and fatigue pandemicBut that probably won’t change expectations for stronger economic growth in the current quarter. The Conference Board poll released Tuesday showed consumers are less excited about buying a home and expensive items like motor vehicles […]
Unstoppable inflation in Germany: 5.2% in November, its highest level in almost 30 years
With information from EFE Inflation in Germany it shot up this November to 5.2%, its highest level since 1992, according to the still provisional figures released today by the federal Department of Statistics (Destatis) of that country. In October, the interannual rate was already 4.5%, while last September it was 4.1%. The main cause of […]
Unctad predicts two years of inflation due to the high cost of maritime transport
The general prices of the global shopping basket will rise on average by 1.5% until 2023 in relation to the pre-pandemic levels due to the current rise in the cost of maritime transport, which moves 80% of these products and continues to be affected by the pandemic and production bottlenecks. This is the main conclusion […]