MercoPress, en Español

Montevideo, October 17th 2018 - 20:36 UTC

Tag: inflation rate

  • Saturday, September 1st 2018 - 09:27 UTC

    S&P places Argentina credit ratings under review

    S&P cited the risk of worsening creditworthiness and exchange rate volatility as potential threats to the economic measures undertaken by Macri’s administration

    S&P said on Friday it may lower Argentina's long-term foreign currency rating from its current B+ grade, which is four notches below investment grade -- and on par with Turkey, Greece and Fiji. The ratings company cited the risk of worsening creditworthiness and exchange rate volatility as potential threats to the economic adjustment measures undertaken by Mauricio Macri’s administration.

  • Friday, May 4th 2018 - 09:00 UTC

    Argentine Peso tumbles 7.83% to US dollar; central bank raises rate to 33.25%

    The Peso tumbled 7.83% to 23 per U.S. dollar. It had hit 21.2 (23,5 in some banks) to the greenback on Wednesday. The central bank hiked the rate to 30.25% from 27.25% on Friday.

    Argentina’s central bank raised its benchmark interest rate by 300 basis points to 33.25% percent on Thursday, but the second steep rate increase in less than a week failed to stop the country’s peso currency from swooning to a record low. The local currency tumbled 7.83% to 23 per U.S. dollar. It had hit 21.2 to the greenback on Wednesday, the first trading day due to a holiday after the bank hiked the rate to 30.25% from 27.25% on Friday.

  • Wednesday, February 14th 2018 - 09:10 UTC

    UK January inflation remains at 3%; slower food and raw materials prices

    Inflation was given a steep boost by the UK's vote in 2016 to leave the European Union. It prompted a fall in the pound, making imported goods more expensive.

    United Kingdom inflation remained at 3% in January, the same level as in December, as reported by the Office for National Statistics, ONS. In November it was the six year high of 3.1% and most economists were expecting a small fall in the CPI to 2.9%.

  • Monday, February 12th 2018 - 12:29 UTC

    Warning of more volatility in Asian Markets

    After a successful 2017, traders are scurrying to the hills this month as a rising inflation have sent borrowing costs surging

    After last week's global rout, Asian markets struggled to hold early gains with analysts warning of further volatility across trading markets.

  • Saturday, August 27th 2011 - 07:19 UTC

    Unemployment in Brazil falls to its lowest level this year, 6%

    However the economy created the fewest number of jobs in July since March

    Brazil’s unemployment rate fell in July to its lowest level this year, 6% from 6.2% in June, reported the National statistics office. Average real wages rose 4% from a year ago to 1.613 Real (999.50 dollars) a month.

  • Friday, June 24th 2011 - 22:58 UTC

    China says it can control inflation and maintain robust growth

    Prime Minister Wen Jiabao, columnist of the Financial Times

    Chinese premier Wen Jiabao has said that China can control inflation and maintain its robust growth. Writing in the Financial Times, Mr Wen said “price rises will be firmly under control this year”.