Economy

• Saturday, February 5th 2022 - 11:44 UTC

  Paraguayan Central Bank reports inflation in Jan. 2022 reached 1.5%

  

  Paraguay's Consumer Price Index (CPI) grew 1.5% in the month of January of 2022, for a yoy inflation of 7.9%, which surpassed the 6.8% recorded in the last month of 2021. It was also significantly above the same period of the previous year.

• Saturday, February 5th 2022 - 10:22 UTC

  Argentina expects more support from the EU on the “Malvinas issue” after Brexit

  

  Since the Falkland Islands ceased to be a European Union (EU) Community overseas territory after the Brexit, Argentina seeks more support from the bloc in the negotiation claim with the United Kingdom on the South Atlantic British territory. It was explained by the Argentine Secretary of Malvinas, Antarctica, and South Atlantic, Guillermo Carmona in an interview with EFE.

• Friday, February 4th 2022 - 09:37 UTC

  Bank of England increases rate to 0,5% and begins reduction of bond purchases

  

  The Bank of England’s Monetary Policy Committee (MPC) this week voted by a majority of 5-4 to increase Bank Rate by 0.25 percentage points, to 0.5%. Those members in the minority preferred to increase Bank Rate by 0.5 percentage points, to 0.75%.

• Friday, February 4th 2022 - 09:27 UTC

  Brexit trade protocol leads to Northern Ireland First Minister resignation

  

  Northern Ireland's First Minister Paul Givan Thursday handed in his resignation citing discrepancies regarding Brexit protocols. As a consequence of his decision, Sinn Féin’s Michelle O’Neill also leaves her position as Deputy First Minister, due to the existing power-sharing arrangements dating back to 1998.

• Thursday, February 3rd 2022 - 09:55 UTC

  Brazil rises Selic interest rates amid growing inflation

  

  Brazil's Central Bank (BCB) Wednesday increased its benchmark interest rate (Selic) by 1.5 percentage points, reaching 10.75%, the first time in five years it hit double digits, amid a growing inflation and despite the consequences, this measure may have on economic growth.

• Thursday, February 3rd 2022 - 09:54 UTC

  Uruguayan peso gets stronger against US dollar

  

  Uruguay's currency keeps growing stronger against the US dollar, it was reported Wednesday in Montevideo after it closed at a rate of UR $ 43 / US $ 1.

• Wednesday, February 2nd 2022 - 21:00 UTC

  Fuel goes up 9% in Argentina after long price freeze

  

  Argentina's state-run oil company YPF announced a price increase of around 9% in the price of fuel at pumps as of Wednesday, with 2 additional percentage points in the case of premium products.

• Wednesday, February 2nd 2022 - 20:49 UTC

  IMF concerned over future of Argentine deal due to political turmoil

  

  Argentina's representative to the International Monetary Fund (IMF) Sergio Chodos Wednesday said in a radio interview the multinational body was concerned after Deputy Máximo Kirchner's resignation as majority leader, which might jeopardize the Congressional approval of the preliminary understanding reached last week.

• Wednesday, February 2nd 2022 - 20:47 UTC

  Paraguay foresees worst soybean harvest in 25 years

  

  The Union of Production Guilds Paraguay Wednesday said it foresaw 2022 will be a tough year for the agricultural sector due to the current drought which will mean, among other setbacks, the worst soybean harvest in the last 25 years, or US $ 2 billion less to the country's economy.

• Wednesday, February 2nd 2022 - 12:05 UTC

  Falklands publishes audited annual financial statements; underlines S&P Global A+ credit rating

  

  The Falkland Islands Government (FIG) published its annual financial statements for the financial year ending 30 June 2021. The statements have been reviewed by external auditors, Mazars LLP, who provided an unqualified and independent opinion that the documents present a true and fair view, and are free from material misstatement.