Tag: Inflation

• Saturday, March 26th 2011 - 10:41 UTC

  Uruguay admits concern over inflation raises benchmark interest to 7.5%

  

  Uruguay's central bank this week surprised local economists and raised its benchmark interest rate 100 base points, one percentage point to 7.5%, in an attempt to help combat accelerating inflation which is beyond the government's target range.

• Saturday, March 26th 2011 - 10:38 UTC

  Billionaire Buffet advice: avoid long term fixed-income investment in US dollars

  

  Billionaire Warren Buffet who urged United States in 2009 to guard against inflation, said investors should avoid long-term fixed-income bets in US dollars because the currency’s purchasing power will decline.

• Saturday, March 26th 2011 - 08:57 UTC

  Brazil expected to raise benchmark interest rate as inflation “worsens”

  

  Brazilian Central bank President Alexandre Tombini admitted inflation forecasts may “worsen”. Consumer prices in the 12 months through mid-March rose 6.13%, the biggest jump in more than two years.

• Wednesday, March 23rd 2011 - 19:47 UTC

  Argentina forecasted to expand 6.8% in electoral year with 25% inflation

  

  Goldman Sachs raised its forecast for Argentina’s economic growth in 2011 after the economy expanded last year at the fastest pace since 2005. Alberto Ramos Goldman Sachs economist raised the GDP expansion estimate to 6.8% from a previous 5.6%, according to an e-mail statement.

• Tuesday, March 22nd 2011 - 08:10 UTC

  In twelve Argentine provinces inflation is two times and a half the official index

  

  Several Argentine provinces mistrustful of government statistics, particularly inflation have mounted their own offices which show that consumer prices in the last twelve months have soared on average 27.5%, which is almost two and a half times the official index applicable to Buenos Aires City and Buenos Aires province

• Saturday, March 19th 2011 - 07:22 UTC

  Inflation alarm-bells in Uruguay as consumer prices rise sharply in Jan-Feb

  

  Uruguay's central bank must act swiftly after a surge in consumer prices during the first two months of the year or the economy could suffer “serious problems,” a recognized research company has warned.

• Wednesday, March 16th 2011 - 05:10 UTC

  February inflation in Argentina, 0.7%; private estimates double that percentage

  

  Inflation in Argentina advanced 0.7% in February over the previous month pushed mainly by increases in the clothing sector (2.2%) and leisure activities (3.5%), according to the official Indec National Statistics Bureau. During the first two months of the year, the consumer prices index accumulated 1.5%.

• Tuesday, March 15th 2011 - 05:32 UTC

  Corruption and inflation, main challenges to social stability admits China

  

  Premier Wen Jiabao said on Monday China would pursue political reforms only in a “gradual” manner and within the umbrella of one-party rule, even as he ruled out the likelihood of the recent West Asian uprisings having any impact on China.

• Thursday, March 10th 2011 - 20:16 UTC

  Brazilian markets expect further tightening to bring inflation to target

  

  Brazil's central bank said Thursday it remained cautious about the outlook for prices due to uncertainties in the global economy, and hinted that more than just interest rates may be needed to bring inflation back into line with targets.

• Saturday, March 5th 2011 - 06:55 UTC

  Chinese congress targets social stability; admits inflation and corruption

  

  China must ensure social stability by reducing inflation and corruption, Premier Wen Jiabao has told the parliament's annual session. Mr Wen has been addressing about 3,000 delegates to open the National People's Congress in the Great Hall of the People in Beijing.