Tag: Inflation

• Thursday, October 28th 2021 - 09:55 UTC

  Brazil's Central Bank increases Selic rate above expectations

  

  Brazil's Central Bank (BCB) Monetary Policy Committee (Copom) decided once again Wednesday to increase the basic Selic interest rate from 6.25% to 7.75% annually, in what turned out to be the sharpest rise since December 2002, it was announced.

• Wednesday, October 20th 2021 - 09:20 UTC

  Argentine food prices grow below overall inflation

  

  Argentina's basic food basket rose 3.2% in September, according to data released Tuesday by the National Institute of Statistics and Census (Indec).

• Friday, October 15th 2021 - 09:30 UTC

  Argentina's Domestic Trade Secretary announces price freezing agreement to be policed by social and political organizations

  

  Argentina's newly-appointed Domestic Trade Secretary Roberto Feletti Thursday announced authorities would closely monitor compliance on the part of retailers regarding 1,247 food and other basic items made available at affordable prices until January 7, 2022.

• 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

• Monday, October 11th 2021 - 09:55 UTC

  Bolsonaro banned from Brazilian football stadium for not being vaxxed

  

  Brazilian President Jair Bolsonaro was not allowed to enter a football stadium to watch Gremio's match against Santos because he was not vaccinated against COVID-19.

• Friday, October 1st 2021 - 09:33 UTC

  Fear reigns among Venezuelans as six more zeros are to be removed from local currency

  

  Unrest reigned Thursday among Venezuelans as Friday's monetary reconversion which will remove six zeros from “sovereign bolivars” loomed over, prompting the exchange rate with the US dollar to skyrocket.

• Thursday, September 23rd 2021 - 09:25 UTC

  IMF's report on Brazil: performance better than expected; GDP projected to expand 5,3% this year

  

  On September 10, 2021, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Brazil. Economic performance has been better than expected, in part due to the authorities’ forceful policy response. GDP regained its pre-pandemic level in 2021Q1 and momentum continues to be favourable, supported by booming terms of trade and robust private sector credit growth.

• Thursday, September 23rd 2021 - 09:01 UTC

  Brazil increases Selic interest rate to 6,25%, the highest in two years

  

  As expected the Brazilian central bank on Wednesday increased a whole percentage point of its basic Selic interest rate to 6,25%, the fifth in a row and the highest in two years. The Monetary Policy Committee, Copon unanimously voted for the increase in an attempt to contain inflation.

• Saturday, September 18th 2021 - 08:55 UTC

  EU Parliament wants an end to ECB meetings with private sector behind closed doors

  

  The European Central Bank is facing strong demands to finish meetings behind closed doors with the private sector, following on disclosure that chief economist Philip Lane allegedly anticipated an inflation forecast, not yet published, in one of such events.