Tag: Inflation

• Tuesday, November 19th 2019 - 08:55 UTC

  Maduro publicly thanks God for the all mighty dollar as an escape valve for Venezuela's economy

  

  Venezuelan President Nicolás Maduro embraced the currency of his bitter rival the United States on Sunday, calling it an “escape valve” that can help the country weather its economic crisis amid U.S. sanctions aimed at forcing him from power.

• Thursday, October 31st 2019 - 09:49 UTC

  Brazil cuts benchmark interest rate to an all time low of 5%; inflation running below target

  

  Brazil's central bank cut its benchmark interest rate to a new all-time low of 5.00% on Wednesday as expected, but signaled that further easing may be less aggressive than it has been in recent months, despite inflation running well below target.

• Tuesday, October 1st 2019 - 09:55 UTC

  Argentina's recurring nightmare

  

  By Andrés Bello (*) - Argentine President Mauricio Macri seems almost certain to lose his country’s presidential election next month, after committing the same kinds of economic policy mistakes that so many of his Peronist predecessors made. It is a tragic and catastrophically disappointing denouement.

• Wednesday, September 25th 2019 - 09:38 UTC

  Persistently low inflation in Brazil anticipates further cut in interest rate

  

  Gradual economic growth and persistently low inflation in Brazil are likely to pave the way for a further reduction in interest rates, the country’s central bank indicated on Tuesday, warning that global economic conditions appear to be deteriorating.

• Tuesday, September 24th 2019 - 09:08 UTC

  Argentine private sector workers given extra payment to compensate for inflation

  

  Argentina's private-sector workers will see their wages topped off by 5,000 pesos (US$ 88) in a one-time non-taxable payment aimed at boosting their buying power amid surging inflation, the Production Ministry said on Monday.

• Friday, September 20th 2019 - 10:22 UTC

  Argentine Central Bank will produce more Pesos: higher inflation is expected

  

  According to estimates among analysts, the Argentine Peso's production will be around $ 300,000 million for the remainder of the year, estimating inflation for 2020 even higher than this year. 80% of that issuance corresponds to the last month of the year, breaking the objective that the Central Bank of Argentina (BCRA) of “zero-emission” had set and jeopardized the exchange control as it works since August.

• Friday, September 13th 2019 - 12:38 UTC

  August inflation in Argentina reverses tendency and again shoots up: 4%

  

  Prices in Argentina shot up last month after a shocking primary vote plunged the peso, reversing four months of declines.

• Tuesday, September 10th 2019 - 09:50 UTC

  August inflation in Brazil below target, with room for further rate cuts

  

  Consumer price inflation in Brazil was well contained in August, as forecast, reinforcing expectations of deeper interest rate cuts by the central bank as it tries to fire up economic growth.

• Wednesday, August 28th 2019 - 09:59 UTC

  Macri anticipates that Argentina's inflation will accelerate to 3% in August; country risk reaches 1.990 points

  

  Argentine President Mauricio Macri said that monthly inflation would accelerate to 3% in August following a slump in the peso, as the central bank intervened heavily in the market on Tuesday to prop up the local currency.

• Wednesday, July 17th 2019 - 22:19 UTC

  Argentina's inflation expected to stay on the downpath in July

  

  Argentine Central Bank President Guido Sandleris Tuesday admitted inflation remains “high,” but he forecast July's figures will be smaller than those of June in light of the current “clear trend” to the downside.