Tag: Inflation

• Wednesday, May 4th 2011 - 23:15 UTC

  IMF warns Latam of ‘complacency’, leading to overheated economies

  

  Economic growth in much of Latin America remains strong, propelled by rising commodity prices, easy financing conditions, and stimulative policies. Growth exceeded 6% in 2010, and while it is projected to moderate to about 4¾% in 2011, the IMF says countries should remove the policy stimulus on a timely basis.

• Saturday, April 30th 2011 - 09:48 UTC

  To help contain inflation, China allows appreciation of the Yuan

  

  China's currency, the Yuan, strengthened past a key level against the US dollar on Friday, as part of wider efforts to contain inflation on the mainland. The Yuan broke past 6.50 against the dollar, a level not seen since 1993.

• Friday, April 29th 2011 - 05:40 UTC

  Brazilian exporters demanding a “weaker” Real to regain competitive edge

  

  The strength of the Brazilian Real against the US dollar is “very worrying” for the country's exporters, with many companies struggling with higher production costs and a reduced ability to compete in global markets, Bunge Brasil CEO Pedro Parente said Thursday.

• Thursday, April 28th 2011 - 06:39 UTC

  Brazil’s bank lending slows down as government curbs credit

  

  Brazil’s bank lending expanded in March at the second-slowest pace in 13 months as the government stepped up efforts to contain demand and inflation by curbing credit to consumers.

• Wednesday, April 27th 2011 - 08:34 UTC

  Brazilian government trying to calm inflation fears; warns of ‘prolonged effort’

  

  Brazil’s central bank President Alexandre Tombini admitted that slowing inflation back to target next year will require a “prolonged” and incisive effort.

• Tuesday, April 26th 2011 - 01:49 UTC

  Rousseff admits she is “immensely worried” with inflation

  

  Brazilian President Dilma Rousseff said on Monday she is “immensely worried” about inflation near the top of the official target range and that the government will act to keep prices from rising further.

• Thursday, April 21st 2011 - 06:25 UTC

  Inflation and unemployment confirm Brazilian economy overheated

  

  March inflation in Brazil accelerated to its fastest rate since November 2008, driven by food, beverages and fuel prices. Consumer prices as measured by the IPCA-15 index rose 6.44% in the year through mid-April, the national statistics agency announced Wednesday in Rio do Janeiro.

• Tuesday, April 19th 2011 - 17:30 UTC

  Uruguay admits to IMF concern over inflation, but rejects capital flow controls

  

  Uruguay’s concern with inflation risks and instruments to ‘mitigate’ its impact was underlined by the region’s representative at the IMF Monetary and Financial Committee meeting in Washington where the IMF and World Bank are holding their spring meetings.

• Monday, April 18th 2011 - 07:10 UTC

  China’s anti-inflation crusade raises bank reserves: fourth time in four months

  

  China raised banks' required reserves for the fourth time this year, extending the fight against excessive liquidity and stubbornly high inflation in the world's second-largest economy.

• Saturday, April 16th 2011 - 00:11 UTC

  Tombini says Brazil is in the middle of a monetary tightening cycle

  

  Brazil is in the middle of a monetary tightening cycle, central bank President Alexandre Tombini said on Friday, days before the bank is expected to announce a hike in the benchmark lending rate.