Economy

• Thursday, October 14th 2021 - 09:21 UTC

  Chilean central bank surprises markets, increases basic rate from 1,5% to 2,75%

  

  Given the latest spike of inflation in Chile which jumped 1,2% in September, the central bank council surprised markets by increasing the basic monetary lending rate 125 points, that is from 1,5% to 2,75%, the highest since 2001. The five-member Council decision was unanimous.

• Thursday, October 14th 2021 - 08:59 UTC

  Central Bank of Brazil takes action to reverse real shrinking

  

  Brazil's Central Bank Wednesday took an active role in the currency exchange market and sold US $ 1 billion to avoid a devaluation of the real, which has already lost a third of its value against the US dollar in 2021 alone

• Thursday, October 14th 2021 - 08:40 UTC

  Uruguayan President highlights the importance of freedom

  

  Uruguay's President Luis Lacalle Pou was highly praised for his speech before rural producers of his country and Argentina, where he addressed the issue of freedom.

• Wednesday, October 13th 2021 - 15:41 UTC

  Chile's “wise men” recommend the basic rate be increased 100 points to 2,5%

  

  Chile's Monetary Policy Group, GPM, recommended on Tuesday that the Central Bank raises 100 points the Monetary Policy Rate, taking it from the current 1,5% to 2,5%, because of an upsurge of inflation and to safeguard the macroeconomic stability of the country.

• Wednesday, October 13th 2021 - 15:16 UTC

  Double digit inflation in Brazil spiked by increasing fuel and food costs

  

  Brazilian market analysts raised their forecasts for inflation and the Selic key interest rate for 2022 as increasing fuel and food costs plus resurgent demand for services are spiking prices as the pandemic seems to be coming to an end.

• Wednesday, October 13th 2021 - 09:52 UTC

  Argentine Economy Minister and IMF Director hold meeting in Washington DC

  

  Argentine Economy Minister Martín Guzmán Tuesday met in Washington DC with International Monetary Fund Managing Director Kristalina Georgieva to further discuss renegotiations of the country's US $ 45 billion debt.

• Wednesday, October 13th 2021 - 09:05 UTC

  Guedes dismisses IMF estimates for Brazil's growth this year and 2022

  

  Brazil's orthodox Economy minister Paulo Guedes anticipated that the multilateral institutions such as the IMF, once again are going to err their forecasts on the Brazilian economy growth. The comment follows on the IMF release stating that the Brazilian economy is estimated to grow 5,2% this year and 1,5% in 2022, below the government's forecasts.

• Wednesday, October 13th 2021 - 09:04 UTC

  In the US it is not about unemployment, but about understaffing

  

  US workers are quitting their jobs in an unprecedented manner, making things harder for employers to fill vacancies, it was reported Tuesday.

• Wednesday, October 13th 2021 - 07:55 UTC

  Northern Ireland protocol: UK/EU on collision course heading for a trade war?

  

  The question of Northern Ireland's post-Brexit trading arrangements, better known as the EU/UK Trade and Cooperation Treaty, has the United Kingdom and the European Union on a collision course.

• Tuesday, October 12th 2021 - 23:54 UTC

  Chile's economy to grow 11%, according to IMF report

  

  Chile's economy has been projected to grow 11%, way above the average of 6.3% foreseen for Latin America throughout 2021 by the International Monetary Fund's (IMF) Global Economic Outlook released Tuesday.