Stories for March 2023

Thursday, March 23rd 2023 - 10:20 UTC
With prices continuing to rise, Bank of England expected to increase the basic rate to 4,25%

Following a surprise rise in UK consumer prices, the Bank of England is expected to increase interest rates for an 11th consecutive. Analysts think an increase in the Bank rate from 4% to 4.25% is the most likely outcome of the Monetary Policy Committee Thursday meeting later.
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Thursday, March 23rd 2023 - 10:16 UTC
Brazil's Food Purchase Program re-launched

Brazil's government Wednesday re-launched the Food Purchase Program (PAA) that used to exist in President Luiz Inàcio Lula Da Silva's previous administrations. The new format will focus on expanding production from minority groups and land reform measures, Agencia Brasil reported.
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Thursday, March 23rd 2023 - 10:14 UTC
Brazil: Minister Haddad not happy about Selic rate remaining unchanged

Brazil's Finance Minister Fernando Haddad found the Monetary Policy Committee (Copom)'s decision to leave the basic Selic interest rate unchanged at 13.75% per year “very worrisome,” particularly because new increases were not ruled out for the near future, Agencia Brasil reported.
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Wednesday, March 22nd 2023 - 10:55 UTC
Uruguayan Supreme Court gives thumbs down to Pepín

Uruguay's Supreme Court Tuesday voted against granting refugee status to former Macrist lobbyist Fabián “Pepín” Rodríguez Simón, who is staying in Montevideo to avoid an arrest warrant from Buenos Aires claiming political persecution and parliamentary immunity as a member of Parlasur.
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Wednesday, March 22nd 2023 - 10:37 UTC
“Party-gate”, Boris Johnson acknowledges he provided false information to Parliament, but not “intentionally”

Former British Prime Minister Boris Johnson on Tuesday acknowledged that he provided false information to Parliament about government parties that were held in violation of COVID-19 restrictions. However, Johnson insisted that he did not “intentionally mislead” Parliament about the parties.
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Wednesday, March 22nd 2023 - 10:35 UTC
Lula insists in criticizing central bank autonomy: current rate of 13,75% is “irresponsible”

Brazilian President Luiz Inacio Lula da Silva criticized on Tuesday the country's central bank, saying that an interest rate of 13.75% - its current level - is “irresponsible,” adding he will continue to fight the current level to stimulate the economy.
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Wednesday, March 22nd 2023 - 10:35 UTC
Crucial week for the Fed's Powell and the US banking system

Several banking failures in the US this month have raised fears about the health of the financial system. The collapses follow a sharp rise in global borrowing costs, led by the US, which has shocked the world economy and raised worries about a painful downturn known as a recession.
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Wednesday, March 22nd 2023 - 10:24 UTC
Massa to announce new measures as Argentine peso sinks against US dollar

With the informal exchange rate between the Argentine peso and the US dollar known as “blue” going up AR$ 8, and reaching a new record high of AR$ 394, Economy Minister Sergio Massa is planning a set of measures to reverse that trend. The new package is to be conveyed to businessmen and bankers over breakfast Wednesday before being announced.
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Wednesday, March 22nd 2023 - 10:21 UTC
Montevideo hosts Mercociudades convention

Montevideo Mayor Carolina Cosse Tuesday welcomed dignitaries from over 20 cities from Mercosur and also from Chile for the first Mercociudades meeting of the year which the Uruguayan capital is hosting.
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Wednesday, March 22nd 2023 - 10:16 UTC
Puebla Group supports CFK at Buenos Aires gathering

The Puebla Group Tuesday expressed its support to Argentine Vice President Cristina Fernández de Kirchner (CFK) during a convention at Buenos Aires' Centro Cultural Kirchner (CCK).
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