Tag: interest rates

• Wednesday, August 27th 2025 - 10:55 UTC

  Argentina: Interest rates soar in response to new BCRA rules

  

  Argentina's financial system is experiencing significant tension as a new reserve requirement scheme from the Central Bank (BCRA) forces financial institutions to drastically raise interest rates on fixed-term deposits. The average rate for a 30-day fixed-term deposit has jumped to 51.3%, a substantial increase from just a few weeks prior.

• Wednesday, July 30th 2025 - 09:49 UTC

  Chile's Central Bank lowers basic interest rates

  

  Chile's Central Bank Council unanimously decided Tuesday to cut its monetary policy interest rate (TPM) by 25 basis points to 4.75%. This is the first reduction this year, bringing the rate to its lowest level since January 2022, after it had been held at 5% since December 2024.

• Monday, June 10th 2024 - 07:07 UTC

  Christine Lagarde: Why we adjusted interest rates

  

  By Christine Lagarde
  
  The ECB has cut interest rates, 6th June. President Christine Lagarde explains why and sets out what still needs to be done to bring inflation back to 2% over the medium term. (*)

• Thursday, May 25th 2023 - 10:45 UTC

  US Federal Reserve divided on how to continue with interest rates, FOMC minutes

  

  US Federal Reserve minutes released this Wednesday showed officials split at their last meeting over how to continue with interest rates: some members saw the need for more increases while others expected a slowdown in growth to remove the need to tighten further.

• Thursday, May 4th 2023 - 10:10 UTC

  US Fed raises interest rate yet again

  

  The US Federal Reserve Wednesday upped its benchmark interest rate by a quarter point to between 5% and 5.25%, its highest level in 16 years, which further tightened credit for businesses and consumers, it was announced.

• Friday, April 15th 2022 - 09:44 UTC

  European central bank will raise interest rates after ending assets' purchasing program

  

  The European Central Bank Governing Council said on Thursday that in the current conditions of high uncertainty it will maintain “gradualism and flexibility” as the guidelines for its monetary policy anticipating that the assets purchase program will be concluded by the third quarter.

• Thursday, December 16th 2021 - 09:43 UTC

  What is the Federal Reserve tapering; the end of rock bottom interest rates?

  

  By Edouard Wemy – Tapering refers to the Federal Reserve policy of unwinding the massive purchases of Treasury bonds and mortgage-backed securities it’s been making to shore up the economy during the pandemic.

• Saturday, October 23rd 2021 - 09:34 UTC

  Brazil's Guedes pushing for higher interest rates to contain inflation

  

  Brazilian orthodox Economy minister Paulo Guedes has not resigned and has no intention of resigning despite the fact he will have to live with the exceptional expenditure of some 45bn Reais, as part of the Auxilio Brazil support program for vulnerable families and president Jair Bolsonaro's 2022 reelection plan.

• Monday, April 26th 2021 - 09:03 UTC

  Venezuela remains the most “miserable” country - Argentina not far behind

  

  Venezuela easily held to the dubious honour of being at the top of the list of the 2020 Global Economic Misery Index, while Argentina was merely seven notches behind.

• Wednesday, March 3rd 2021 - 08:38 UTC

  Producer price inflation in Brazil anticipates Central bank will raise interest rates

  

  Brazil's statistics agency IBGE said on Tuesday the monthly rate of producer price inflation kicked off this year at its second highest, with prices rising across all 24 activities surveyed.