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MercoPress, en Español

Montevideo, April 27th 2024 - 11:28 UTC

Tag: Inflation

  • Friday, April 26th 2024 - 20:06 UTC

    Argentina's Central Bank lowers basic interest rates

    The new contraction will be used to pay less interest

    Argentina's Central Bank (BCRA) this week lowered the benchmark interest rate by another 10 percentage points to 60% annually, it was reported in Buenos Aires. It was the fourth such cut since Javier Milei took office on December 10, 2023, when the rate stood at 133%. “BCRA announces that as of 04-25-2024, the rate for 1-business-day maturity passive operations will be 60%,” it said in a statement. It was also the second 10-point cut in April alone.

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  • Thursday, April 18th 2024 - 10:41 UTC

    Argentina's Economy Minister foresees 1-digit monthly inflation imminent

    Milei's popularity is not increasing but that of the opposition is sliding, Caputo explained

    Argentina's Economy Minister Luis 'Toto' Caputo insisted Wednesday in Washington DC during his participation at the International Monetary Fund's (IMF) Spring Meeting that his country would be achieving a one-digit inflation rate shortly.

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  • Wednesday, March 13th 2024 - 10:29 UTC

    Argentina: Inflation in February reaches 13.2%, according to Indec

    Prices went up above inflation projections, Adorni said in a press conference. Retailers foresaw a catastrophe that did not happen, he added

    According to a report from Argentina's National Institute of Statistics and Census (Indec) released Tuesday in Buenos Aires, the South American country's Consumer Price Index (CPI) went up 13.2% in February of 2024 for a yoy total of 276% amid notorious declines in industry, construction, and consumption.

  • Tuesday, March 12th 2024 - 10:26 UTC

    Argentina's Central Bank lowers interest rate

    These initiatives are aimed at increasing liquidity and controlling inflation

    Argentina's Central Bank Monday lowered the annual interest rate from 110% to 80% “to strengthen the national economy and improve liquidity in the financial market,” it was reported in Buenos Aires. In addition, it was left up to each bank to decide on the minimum rate for fixed-term deposits.

  • Wednesday, March 6th 2024 - 09:59 UTC

    Paraguay reports 0% inflation in February, but at what cost?

    Paraguay today has the strongest macroeconomic scenario in Latin America, President Santiago Peña said earlier this year in Spain

    Paraguay's Central Bank (BCP) announced this week that inflation in February amounted to 0% from January's values despite increases in education and food, particularly eggs, it was reported in Asunción. In the same month last year, the Consumer Price Index (CPI) had gone up 0.5%. However, these achievements have a price tag.

  • Tuesday, March 5th 2024 - 10:41 UTC

    Brazil: Services sector driving prices upward, BCB President warns

    The BCB will pursue the inflation target to the letter but the market still expects it to be higher, Campos Neto pointed out

    Brazil's Central Bank (BCB) President Roberto Campos Neto said on Monday that inflation in South America's largest country was taking a turn in a “benign” direction, Agencia Brasil reported. In his view, the services sector requires the most attention because it has “started to put a bit of pressure” on prices.

  • Friday, February 9th 2024 - 10:47 UTC

    Brazil's CPI 0.42% up last month

    Airline tickets fell in January, which drove inflation downward

    According to Brazil's IBGE statistics bureau, inflation last month in South America's largest country reached 0.42% for an accumulated 4.51% year-on-year. These results were driven mainly by increases in the prices of food, Agencia Brasil explained. January's figures were lower than the 0.56% recorded by the Broad National Consumer Price Index (IPCA) in December.

  • Monday, February 5th 2024 - 10:42 UTC

    Argentina: Milei's passionate kiss on stage makes headlines

    Presidents are entitled to personal relationships

    Javier Milei made the headlines this weekend for his unpresidential kiss on stage with his romantic partner Fátima Florez at a Mar del Plata theater, where the entertainer was performing before celebrating her birthday.

  • Monday, February 5th 2024 - 10:23 UTC

    Argentine gov't sees inflation decelerating

    Milei “needs to have the political and economic tools” that will allow him to face “many problems,” including inflation, Zago explained

    Argentine President Javier Milei told the audience at his girlfriend's show at a Mar del Plata theater that “inflation has started to go down” and that the country “will soon move forward.” The head of state traveled on Saturday to the popular beach resort to be with Fátima Flórez during her birthday celebrations and returned to Buenos Aires on Sunday to make the arrangements for his trip abroad starting Monday.

  • Friday, January 19th 2024 - 10:10 UTC

    Paraguay's BCP confirms CPI in 2023 within target range

    Paraguay ranked behind Ecuador, Bolivia, and Peru

    Paraguay's Central Bank (BCP) Thursday released a report showing that the Consumer Price Index (CPI) for 2023 was 3.7%, making it the fourth lowest in South America in addition to falling within the target range (3.8%). It also meant a decrease from 2022's 8.1%.

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