Tag: Inflation

• Wednesday, July 12th 2023 - 20:39 UTC

  Brazilian June inflation reaches record low; interest rate fall anticipated in August

  

  Brazil’s annual inflation released on Tuesday showed consumer prices rose 3,16% year to year, down from 3,94% in May. This means annual inflation has dropped from the 12,13% peak in 2022 clearing the way for the central bank to begin cutting interest rates at its next meeting.

• Saturday, July 8th 2023 - 11:05 UTC

  Inflation projections better than a month ago in Argentina

  

  The Argentine Central Bank's (BCRA) monthly Market Expectations Survey (Relevamiento de Expectativas del Mercado - REM) for June released Friday forecasts inflation to reach 142.4% by the end of 2023. The study details the forecasts of institutions, companies, organizations, and specialists on the evolution of the main economic variables.

• Thursday, July 6th 2023 - 09:53 UTC

  Higher economic growth, less inflation projected in Brazil

  

  Brazil's Institute for Applied Economic Research (Ipea) has revised its forecasts and now foresees larger economic growth and smaller inflation this year, Agencia Brasil reported.

• Thursday, June 22nd 2023 - 15:55 UTC

  Fed's Powell questioned in Congress over inflation and bank regulation

  

  Since inflation in the United States is still excessive, most Federal Reserve officials expect to raise interest rates further this year this year, Chair Jerome Powell told a House committee on Wednesday, who also had to respond about alleged further banking regulations.

• Thursday, June 8th 2023 - 16:05 UTC

  IMF suggests immigration could help UK with inflation and labor shortage

  

  Immigration that fills gaps in the domestic jobs market can help push down UK inflation, the deputy head of the International Monetary Fund has said. However British prime minister Rishi Sunak has insisted rates of legal immigration are “too high”

• Thursday, June 8th 2023 - 16:03 UTC

  OECD: UK inflation highest this year; BoE rate could peak 5,25%

  

  OECD, the Organization for Economic Cooperation and Development anticipated the UK will experience the highest level of inflation among all advanced economies this year. UK is set to report a headline inflation of 6.9% this year, above the OECD average of 6.6% for 2023.

• Tuesday, June 6th 2023 - 10:32 UTC

  Falklands: with an inflation index of 6,1%, salaries increase in budget of 3%, trigger long debate

  

  It briefly appeared the Falkland Islands Budget process was going to be delayed this year when MLA Leona Roberts supported by MLA Mark Pollard asked for “elements” of the 2023 Budget to be taken back to Budget Select Committee for further public consultation and engagement.

• Tuesday, May 23rd 2023 - 11:42 UTC

  Argentina introduces new banknote amid high inflation

  

  Argentina launched the AR$ 2,000 banknote on Monday, with a value slightly exceeding US$ 4 in the unofficial exchange rate. It will be the highest denomination banknote in a country where year-on-year inflation has reached 108%.

• Tuesday, May 16th 2023 - 10:59 UTC

  Argentina: “Blue” dollar goes back up after Massa's new measures

  

  As Argentina raised the interest rate to 97% and adopted other measures such as the opening of food imports to control inflation while at the same time further restricting people's access to foreign currency, the “Blue” (a euphemism for “black market”) dollar rose again Monday to AR$ 483, it was reported in Buenos Aires.

• Monday, May 15th 2023 - 10:38 UTC

  Argentina to import food to curb price hikes

  

  Argentine authorities Sunday announced a set of measures to tackle inflation, which include more active involvement in the foreign exchange market. But the most striking of them all was the opening of food imports at zero tariffs to hit local producers who over-benefitted from protectionism.