Tag: Inflation

• Sunday, May 15th 2011 - 15:00 UTC

  Geithner warns of catastrophic consequences if US debt limit is not raised

  

  With the US government about to hit its 14.3 trillion US dollars debt limit, US Treasury Secretary Timothy Geithner has warned of “catastrophic” consequences and a new recession if Washington is not able to borrow more.

• Thursday, May 12th 2011 - 05:59 UTC

  China’s inflation eases in April but food costs are scaring the Communist party

  

  China's surging inflation eased slightly in April as Beijing tightened controls to cool its overheated economy. Consumer prices climbed 5.3% over a year earlier, driven by an 11.5% jump in food costs, data showed Wednesday.

• Monday, May 9th 2011 - 06:09 UTC

  IDB opens discussion on food prices shock, inflation and protecting the urban poor

  

  Rising international food prices could trigger an acceleration of inflation in several countries in Latin America and the Caribbean this year, highlighting the need for policies to protect the urban poor, according to a new study by the Inter-American Development Bank, (IDB).

• Friday, May 6th 2011 - 00:10 UTC

  Uruguayan inflation eases in April but still is almost double the annual target

  

  Uruguay’s April consumer inflation, 0.34%, the lowest since last November came as a relief for government authorities, but the accumulated rate of the last twelve months was 8.34%, well above the Central bank 4% to 6% target. Furthermore compared to April 2010 inflation was almost double: 0.18% vs 0.34%, according to the country’s Statistics Institute, INE.

• Wednesday, May 4th 2011 - 23:15 UTC

  IMF warns Latam of ‘complacency’, leading to overheated economies

  

  Economic growth in much of Latin America remains strong, propelled by rising commodity prices, easy financing conditions, and stimulative policies. Growth exceeded 6% in 2010, and while it is projected to moderate to about 4¾% in 2011, the IMF says countries should remove the policy stimulus on a timely basis.

• Saturday, April 30th 2011 - 09:48 UTC

  To help contain inflation, China allows appreciation of the Yuan

  

  China's currency, the Yuan, strengthened past a key level against the US dollar on Friday, as part of wider efforts to contain inflation on the mainland. The Yuan broke past 6.50 against the dollar, a level not seen since 1993.

• Friday, April 29th 2011 - 05:40 UTC

  Brazilian exporters demanding a “weaker” Real to regain competitive edge

  

  The strength of the Brazilian Real against the US dollar is “very worrying” for the country's exporters, with many companies struggling with higher production costs and a reduced ability to compete in global markets, Bunge Brasil CEO Pedro Parente said Thursday.

• Thursday, April 28th 2011 - 06:39 UTC

  Brazil’s bank lending slows down as government curbs credit

  

  Brazil’s bank lending expanded in March at the second-slowest pace in 13 months as the government stepped up efforts to contain demand and inflation by curbing credit to consumers.

• Wednesday, April 27th 2011 - 08:34 UTC

  Brazilian government trying to calm inflation fears; warns of ‘prolonged effort’

  

  Brazil’s central bank President Alexandre Tombini admitted that slowing inflation back to target next year will require a “prolonged” and incisive effort.

• Tuesday, April 26th 2011 - 01:49 UTC

  Rousseff admits she is “immensely worried” with inflation

  

  Brazilian President Dilma Rousseff said on Monday she is “immensely worried” about inflation near the top of the official target range and that the government will act to keep prices from rising further.