Tag: interest rate

• Saturday, October 31st 2020 - 16:07 UTC

  Colombia's central bank pauses interest rate cuts as it gauges recovery strength

  

  Colombia became the latest emerging market to end a series of interest rate cuts, joining peers from Brazil to South Africa as it recovers from the pandemic. After the decision, the central bank said that Governor Juan Jose Echavarria will retire early next year.

• 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.

• Tuesday, September 22nd 2020 - 08:30 UTC

  Trump admits he was prepared to adjust the dollar exchange rate to combat China's Yuan

  

  U.S. President Donald Trump on Monday revealed he was rebuffed when he asked officials to adjust the exchange rate of the dollar to counteract what he described as repeated currency manipulation by China of its Yuan.

• Thursday, June 18th 2020 - 12:32 UTC

  Brazil slashes benchmark interest rate 75 basis points to a record low of 2,25%

  

  Brazil’s central bank cut its benchmark interest rate by 75 basis points to a record low of 2.25% on Wednesday, as expected, and said there was some room left for further monetary stimulus to support an economy ravaged by the coronavirus pandemic.

• 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.

• 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 - 09:26 UTC

  Argentina Needs Intensive Care

  

  By Anne Krueger (*) - Argentina's President Mauricio Macri knew that he had inherited a sick economy when he took office in 2015, but failed to take his medicine. As a result, the country now has no choice but to face up to a period of painful structural adjustment.

• Thursday, September 5th 2019 - 09:35 UTC

  Chile's central bank slashes benchmark interest rate to 2% to prop economy

  

  Chile’s central bank slashed the benchmark interest rate by 50 basis points to 2% on Tuesday, the lowest in 9 years, citing a sputtering economy hurt by global trade tensions.

• Tuesday, August 6th 2019 - 09:33 UTC

  Economists forecast further interest rate cuts by Brazil's central bank

  

  Economists lowered their forecasts for where Brazil’s benchmark Selic interest rate will be at the end of 2019, a weekly central bank survey showed on Monday, after policymakers cut rates more aggressively than most expected to a record low last week.

• Tuesday, August 6th 2019 - 09:06 UTC

  Fed expected to further lower interest rate as trade tensions with China increase

  

  Federal Reserve Chair Jerome Powell, who last week cut U.S. interest rates as an insurance policy against the effects of “simmering” trade tensions, may need to buy more coverage after the United States late on Monday designated China a currency manipulator.