The cubans reacted this Thursday with “pain” and “disbelief” to the announcement by the authorities that the inflation In the last 10 months, it stood at 60% for retail prices and up to 6,900% in the informal foreign exchange market, amid a severe shortage of food and medicine. “I was educated, I grew up in […]
Tag: Inflation
Three reasons why inflation is not permanent
Por Tyler Cowen With inflation reports so high, it is increasingly difficult to defend my membership in the “Transitional Equipment”. However, I still believe that the rise in inflation is in fact transitory: after a few years of above-average price inflation, prices will return to a steady state of growth of around 2% per annum, […]
Peronist Fernández blames inflation in Argentina on “rogue speculation”
The president of Argentina, the peronist Alberto Fernandez, affirmed that the high inflation that the country registers is not related to monetary policy problems but rather to the “speculation of rogue businessmen”, particularly in the sector of food. “I am concerned about inflation as much or more than you,” Fernández said in a massive event […]
Price pressure could last until the end of 2022, says IMF head
Updated on 10/27/2021 07:26 pm The pressure on prices could last until the end of next year, warned the managing director of the International Monetary Fund (IMF), Kristalina Georgieva. The IMF indicated days ago that it expected inflation to decrease starting in mid-2022, but the institution now seems to anticipate a more lasting phenomenon in […]
After raising the reference rate, BCRP increases local currency reserve requirements to contain inflation
The Central Reserve Bank of Peru (BCRP) decided to increase the reserve requirements in national currency, with the aim of complementing the recent increases in the reference rate and reinforcing monetary control. In this way, an increase in the minimum legal reserve was approved to 4.5% in November 2021, to 4.75% in December 2021 and […]
Julio Velarde: Rise in energy prices makes it difficult to reduce inflation
The president of the Central Reserve Bank of Peru, Julio Velarde, affirmed this Tuesday that the external inflationary pressures and the rise in the price of energy make it impossible for the monetary authority to specify when the inflation rate in Peru will return to the target range of 1% and 3%. In this regard, […]
US Treasury says it will not lose “control” of inflation
The secretary of the treasure from the United States, Janet Yellen, has stated this Sunday, October 24, that the North American nation was not “losing control of inflation” and that it expected its levels to return to normal in the second half of next year. During an interview with CNN, the official said that problems […]
Inflation would return to the target range in 2022
Although this year annual inflation in Peru would be temporarily above the target range of the Central Reserve Bank of Peru (BCRP) –which is 1% and 3% -, this indicator is expected to recede and return to this range in the second half of 2022, according to the Peru Situation Report of the BBVA Research. […]
Oil: what is behind the rise in the price of crude in the world?
During the last week, prices of oil surpassed the threshold of US $ 80. Thus confirming an upward trend that has been registered for months. The pandemic COVID-19 caused oil costs to drop throughout 2020 and much of this year. Just a year ago, the WTI cost just US $ 40 so filling the fuel […]
BofA CEO: Inflation Will Hold, But Consumers Will Spend
Updated on 10/15/2021 03:04 am The executive director of Bank of America Corp., Brian Moynihan, joined other financial industry leaders, such as the CEO of Morgan Stanley, James Gorman, and John Waldron, of Goldman Sachs Group Inc., in forecasting that inflation It will remain. “Inflation is clearly not temporary,” Moynihan said in an interview Thursday […]