Economy

Friday, August 2nd 2024 - 11:57 UTC
Bank of England cuts basic rate to 5% in divided vote; monetary policy will continue restrictive

The Bank of England Monetary Policy Committee, MPC at its meeting ending on 31 July 2024, voted by a majority of 5–4 to reduce Bank Rate by 0.25 percentage points, to 5%. Four members preferred to maintain Bank Rate at 5.25%.
Friday, August 2nd 2024 - 10:19 UTC
Chile's Central Bank keeps TPM interest rate unchanged

Chile's Central Bank decided this week to keep the monetary policy interest rate (TPM) unchanged at 5.75%, it was announced in Santiago after Wednesday's monthly Council meeting during which July's 0.25% lowering from 6% was upheld.
Thursday, August 1st 2024 - 09:07 UTC
Brazil's Copom keeps Selic unchanged

Brazil's Central Bank (BCB) Monetary Policy Committee (Copom) unanimously agreed Wednesday to keep the Selic basic interest rate at 10.5% per year, Agencia Brasil reported. The measure followed through on June's decision to stop the downward cycle that spanned from August last year until March this year, during which the Selic was lowered by 0.5 percentage points at each meeting until in May it was 0.25 percentage points.
Thursday, August 1st 2024 - 07:48 UTC
US Fed keeps rates unchanged; chair Powell believes a cut rate “could be on the table in September”

The Unites States Federal Reserve on Wednesday, following on a two day meeting (July 30/31) kept the key interest rate unchanged at a 23 year high of 5,3%, but chairman Jerome Powell said that the stage was set for the central bank's first rate cut in four years. With lower inflation and a cooler jobs market, this could happen at the next FOMC meeting in September.
Wednesday, July 31st 2024 - 09:01 UTC
Baroness Chapman, new FCDO Minister for Latin America and the Caribbean

Baroness Jennifer Chapman of Darlington has been appointed UK Parliamentary Under-Secretary of State at the Foreign, Commonwealth and Development Office on 18 July 2024.
Monday, July 29th 2024 - 08:59 UTC
Milei promises rural producers that things will get better

In his appearance Sunday at the Argentine Rural Society Annual Exhibition's main ceremony in Buenos Aires, President Javier Milei promised to remove all export taxes in due time, for which he asked producers to be patient.
Saturday, July 27th 2024 - 08:32 UTC
Moody's upgrades Paraguay's rating amid “robust” economic growth

The credit rating agency Moody's Friday upgraded Paraguay's score to “investment grade” thanks to the South American country's robust economic growth. The new status will facilitate access to credit for both the Paraguayan government and the private sector, it was explained.
Friday, July 26th 2024 - 17:31 UTC
Milei and Macron discuss bilateral issues in Paris

Presidents Javier Milei of Argentina and Emmanuel Macron of France got together Friday at the Elysee Palace ahead of the opening ceremony of the Paris 2024 Olympic Games to discuss ongoing world affairs and bilateral issues. It is the South American leader's 12th trip abroad since his inauguration on Dec. 10, 2023.
Thursday, July 25th 2024 - 20:18 UTC
Lula insists world hunger is a political choice

Brazilian President Luiz Inácio Lula da Silva insisted during a G20 event in Rio de Janeiro that fighting hunger was a political choice, Agencia Brasil reported. The South American leader also pledged to steer his country out of that plight during his ongoing term.
Thursday, July 25th 2024 - 19:50 UTC
Argentine Economy Minister meets with IMF Chief in Rio

Argentina's Economy Minister Luis Toto Caputo met Thursday in Rio de Janeiro with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, who said the encounter had been “constructive.”