Tag: Inflation

Tuesday, October 11th 2022 - 17:56 UTC
Argentina burdened by high inflation and multiple exchange rates

Argentina's economy seems to have a dark future ahead, according to reports in Buenos Aires media highlighting that inflation in the first week of October alone reached 2.8 % in the price of food.
Friday, September 30th 2022 - 19:05 UTC
Unemployment keeps falling in Brazil as elections loom over

Unemployment in South America's largest country has dropped to 8.9% in the quarter ending in August, following a 0.9 decrease that month, according to a study published Friday by the Brazilian Institute of Geography and Statistics (IBGE).
Friday, September 23rd 2022 - 09:16 UTC
BOE hikes basic rate to 2,25%, and admits UK economy is in recession process

The Bank of England hiked its base rate to 2.25% from 1.75% on Thursday, lower than the 0.75 percentage point increase that had been expected by many traders, but cautioned the UK economy was already entering recession since GDP is forecast to contract by 0,1% in the third quarter, following on a 0.1% decline in the second quarter.
Thursday, September 22nd 2022 - 10:01 UTC
With inflation soothing, Brazilian central bank leaves basic Selic interest rate unchanged at 13,75%

Brazil's Central Bank Monetary Policy Committee (Copom) decided on Wednesday to keep its basic Selic interest rate unchanged at 13,75%, putting an end to twelve consecutive increases which took off in 2021 with the purpose of bringing down inflation.
Thursday, September 22nd 2022 - 09:04 UTC
Fed's Powell and the unfortunate costs of reducing inflation: third 75 basis points interest rate hike

Challenged by the highest level of inflation experienced in the US in over 40 years, the Federal Reserve decided on Wednesday a third consecutive interest rate hike of 75 basis points, bringing the benchmark rate up to a range of 3.0% to 3.25% from 2.25% to 2.50%.
Tuesday, September 20th 2022 - 10:18 UTC
US Fed and UK BoE expected to hike interest rates this week, but how far?

The United States Federal Reserve and the Bank of England this week are scheduled to hike interest rates steeply again in a bid to tame inflation. The two central banks are expected to look through recession fears and continue their fight against extraordinary price rises.
Thursday, September 15th 2022 - 10:15 UTC
Fuel prices help tame, slightly, UK August inflation but food prices keep soaring

The United Kingdom consumer price index rose 9.9% annually in August, compared to 10,1% in July, according to estimates published on Wednesday by the Office for National Statistics, below a consensus forecast of 10.2%, but food prices continued to rise at its fastest pace since 2008.
Tuesday, September 6th 2022 - 09:58 UTC
Uruguayan FM off to brokering Mercosur deal approval with EU

Uruguayan Foreign Minister Francisco Bustillo is off on a European tour seeking to further develop his country's trade ties as the last inflation index showed the government of President Luis Lacalle Pou was already above its 2022 targets.
Saturday, August 27th 2022 - 09:51 UTC
Federal Reserve pledges to keep lowering inflation, “until we are confident the job is done”

The chairman of the Federal Reserve, Jerome Powell said on Friday that the job of lowering inflation is not done, and “we will keep at it until we are confident the job is done”. Powell was speaking at the Fed's annual conference in Jackson Hole, Wyoming, an event closely followed by markets and pundits, trying to anticipate future actions.
Wednesday, August 24th 2022 - 09:31 UTC
Inflation in Argentina hits working-class neighborhoods harder

According to a report by the Institute of Social, and Economic Research (Isepci) released Tuesday, inflation in suburban Buenos Aires where most working-class people reside, reached 11% in July, which is tantamount to saying it was 5 percentage points above the country's 6% average as per National Institute of Statistics and Census (Indec) figures.