The Federal Reserve American began its monetary policy meeting this Tuesday, after which it will not modify its rates, according to market expectations, but will present an update of its forecasts for the world’s largest economy. The meeting of the Monetary Policy Committee (FOMC) “started at 10:30 a.m. local time (2:30 p.m. GMT) as planned“, […]
Tag: monetary politics
World Bank predicts GDP growth of just 2.9%
The latest report from the World Bank, which will be public from today, June 11, presents a slight upward revision of the Peruvian economy in 2024. Thus, it estimates an advance of 2.9%, when in April it forecast 2.5%. “Peru will grow, according to projections, 2.9% in 2024 and 2.6% in 2025“, since the decrease […]
Banxico will maintain a “prudent” policy because inflation will take time to dissipate
He Bank of Mexico (Banxico) considered this Thursday that it will be necessary to maintain a monetary politics “prudent” in view of “the prospect that the effects of inflationary shocks will take longer to dissipate.” The Governing Board, in a document“opined that challenges and risks persist that warrant continuing with prudent management of monetary policy”and […]
Argentines flee bank deposits after huge official rate cut: sources
The banks of the Argentine financial system showed on Tuesday an abrupt cancellation of deposits in pesos in response to the decision of the central bank (BCRA) to abruptly cut the rate within the framework of a new monetary policy, two sources in the sector told Reuters. Savers now receive a maximum of 110% per […]
European Union cuts growth forecast for 2023
The European Union (EU) This Wednesday, it reduced its expectation of growth of the Gross Domestic Product (GDP) for 2023, while revising the increase in its expectation of the inflation for next year. In its autumn report, the European Comission (the executive arm of the EU) noted that GDP growth in the euro zone in […]
The Federal Reserve will continue “working” to reduce inflation, according to Waller
The governor of the Federal Reserve, Christopher Wallerreiterated on Tuesday the US central bank’s determination to reduce the inflation to its 2% target, but did not comment on the economic outlook or offer an opinion on the best immediate course for the monetary politics. “Price stability is a primary responsibility of the Federal Reserve”Waller said […]
Price of the dollar in Peru, TODAY October 6: purchase and sale of the exchange rate
Find out the price of the dollar today, Friday, October 6. Check how much the price is exchange rate in the parallel market and in the main banks for the US currency. Join the La República WhatsApp channel Price of the BCV dollar TODAY, Friday, October 6: official rate according to the Central Bank of […]
Moody’s: US government shutdown would be negative for its credit profile
The rating agency Moody’s said on Monday that a US government shutdown would be negative for its credit profile as it would suggest institutional and governance weakness compared to other countries, although the economic impact would likely be short-lived. U.S. government services would be disrupted and hundreds of thousands of federal workers would be furloughed […]
The deepening of the economic deterioration puts the ECB in a dilemma
The growth of the companies Euro zone stalled this month as the manufacturing recession deepened, and previously resilient activity in services barely grew, leaving the European Central Bank before a dilemma of monetary politics. The HCOB Composite Purchasing Managers’ Index (PMI) of the 20 countries sharing the euro, compiled by S&P Global and considered a […]
Price of the dollar TODAY in Peru: what is the exchange rate for this Tuesday, June 20?
Know the price of the dollar today, Tuesday June 20. Check how much the exchange rate in the parallel market and in the main banks for the US currency. BCV dollar TODAY, Tuesday June 20: what is the price of the dollar in Venezuela? How to identify a $1 bill sought by collectors with a […]