Tag: Inflation

• Thursday, January 28th 2021 - 09:37 UTC

  Argentine traders and millers discussing options to avoid a ban on wheat exports

  

  Argentina is worried about domestic food prices and inflation, and as it happened a few weeks ago with an attempt to ban corn exports, a similar situation apparently is happening with wheat, and the different actors involved are working on measures aimed at securing the wheat supply and reasonable bread and pasta prices.

• Wednesday, January 13th 2021 - 09:14 UTC

  Brazilian interest rates in the next 24 months expected to rise steadily

  

  The outlook for Brazilian interest rates over the next two years rose to their highest in several months, a central bank survey of economists showed on Monday, even as exchange rate and inflation expectations held steady.

• Wednesday, January 13th 2021 - 09:11 UTC

  Brazilian 2020 inflation 4,5%, but food prices skyrocketed 14,1%

  

  Inflation in Brazil ended 2020 at 4,5% the stats agency IBGE revealed on Tuesday, above the central bank's target, with food prices rising, 14,1%, the most in two decades.

• Saturday, January 9th 2021 - 09:59 UTC

  Argentine economy forecasted to expand 5,5% this year, but inflation will remain close to 50%

  

  Argentina's economy is expected to grow 5,5% in 2021, after a contraction of about 12% last year due to the COVID-19 pandemic, with inflation seen ending the year at 49.8%, according to a survey of economists by the central bank released on Friday.

• Thursday, December 31st 2020 - 08:30 UTC

  Argentina suspends corn export sales until March; farmers' surprised and furious

  

  Argentina will suspend sales of corn for export until Feb. 28, the agriculture ministry said on Wednesday, announcing the surprise move as part of the government's effort to ensure ample domestic food supplies.

• Thursday, December 10th 2020 - 09:11 UTC

  Brazil central bank keeps interest rate at record low 2%, but admits scenario of inflation expectations

  

  Brazil’s central bank kept its key interest rate at a record low 2.00% on Wednesday, as expected, but gave the first sign it could soon drop its pledge to keep rates lower for longer as inflation expectations converge toward target.

• Saturday, November 28th 2020 - 08:52 UTC

  Producer inflation in Brazil rose 3,4% in October and 19,1% in twelve months

  

  Producer price inflation in Brazil jumped to its highest on record in October, figures showed on Thursday, led by another month of rising food prices, which will likely stir the debate further on the wider outlook for inflation and interest rates.

• Saturday, November 7th 2020 - 08:06 UTC

  Food and transport costs lifting annual inflation in Brazil to the central bank year target

  

  Brazilian inflation in October rose to its highest level for that month since 2002, figures showed on Friday, driven by rising food and transport costs and lifting annual inflation to within sight of the central bank’s year-end target.

• Friday, November 6th 2020 - 08:53 UTC

  Brazil's spike in inflation is 'temporary', central bank president Campos Neto

  

  Brazil’s recent spike in inflation is temporary, central bank President Roberto Campos Neto said, adding, however, that policymakers are monitoring developments closely.

• Friday, October 30th 2020 - 09:37 UTC

  Brazil keeps interest rate at record low, despite a spike in food and fuel inflation

  

  Brazil’s central bank kept its key interest rate at a record-low 2.00% on Wednesday, maintaining its “forward guidance” pledge to keep rates lower for longer and even the possibility of further easing, despite the recent rise in inflation and fiscal risks.