Latest news with #economistas
Reuters
2 days ago
- Business
- Reuters
Mexico's annual inflation speeds up in May, exceeds target
MEXICO CITY, June 9 (Reuters) - Mexico's annual inflation rate accelerated in May and exceeded the upper-end of the central bank's target range, official data showed on Monday. Consumer prices in Mexico rose 4.42% in the year through May, according to national statistics agency INEGI, above the 4.38% expected by economists in a Reuters poll and up from 3.93% the previous month. Mexico's central bank, also known as Banxico, has an inflation target of 3%, plus or minus a percentage point. In May alone, headline consumer prices were up 0.28%, according to INEGI, while the closely watched core index, which strips out some volatile food and energy prices, rose 0.30%. Both came in slightly above market forecasts.
Bloomberg
2 days ago
- Business
- Bloomberg
Mexico Inflation Exceeds Forecast, Breaching Top of Target Range
Mexico's inflation accelerated more than expected in May, breaching the top of the target range amid a central bank easing cycle and an economic slowdown. Annual inflation sped up to 4.42% last month, above the 4.38% median estimate of economists surveyed by Bloomberg and higher than April's 3.93% print. The core reading, which excludes volatile items such as food and fuel, rose to 4.06% from 3.93% a month prior, the national statistics agency reported on Monday. The central bank targets inflation at 3%, plus or minus one percentage point.
Bloomberg
15-05-2025
- Business
- Bloomberg
Peru Economy Expanded 4.7% in March, Fastest Pace This Year
Peru's economy posted its fastest growth of the year in March, the national statistics institute reported Thursday. The economy expanded 4.67% compared to a year earlier, in line with the median estimate of economists surveyed by Bloomberg.
Reuters
07-05-2025
- Business
- Reuters
Brazil central bank hikes rates to near 20-year high, leaves next steps open
BRASILIA, May 7 (Reuters) - Brazil's central bank raised interest rates by 50 basis points on Wednesday in a sixth straight hike that pushed borrowing costs to their highest in nearly 20 years, and left future steps open amid global uncertainties and sticky domestic inflation. The bank's monetary policy committee, known as Copom, raised the Selic to 14.75% in a unanimous decision, matching forecasts from 32 of 35 economists in a Reuters poll. "For the next meeting, the scenario of heightened uncertainty, combined with the advanced stage of the current monetary policy cycle and its cumulative impacts yet to be observed, requires additional caution in the monetary policy action and flexibility to incorporate data that impact the inflation outlook," policymakers said in the statement from the decision. In March, the central bank had already flagged the need for further tightening, though at a slower pace than the previous three 100 basis-point hikes. With Wednesday's move - announced just hours after the U.S. Federal Reserve held rates steady but cited the risk of rising inflation and unemployment - the Selic benchmark rate has now reached its highest level since August 2006. The sky-high rates come against a backdrop of a 5.49% annual inflation rate, well above the official 3% goal, with markets skeptical that inflation will return to target even by as far out as 2028. The aggressive tightening has added 425 basis points to the benchmark rate since September, but policymakers stressed on Wednesday they observe "an incipient moderation in growth," with indicators of domestic economic activity and the labor market still exhibiting strength. Global uncertainties, triggered by sweeping U.S. trade tariffs that have clouded the outlook for the world's largest economy, have led Copom members to emphasize the need for greater caution and flexibility in remarks ahead of the decision. The current environment, they argued, not only limits their ability to provide any guidance but also requires policymakers to consider a broader and diverse set of data to assess whether monetary policy is achieving its intended effects. Their concern about the trajectory of Latin America's largest economy came despite some favorable inflationary developments since the Brazilian central bank's latest policy meeting, including a stronger currency and lower commodity prices. On the other hand, the government of President Luiz Inacio Lula da Silva has unveiled new stimulus measures, such as changes to rules governing payroll-deductible loans, as it struggles to reverse a plunge in the leftist leader's approval ratings. Considering changes in macroeconomic conditions, Brazil's central bank on Wednesday lowered its 2025 inflation forecast to 4.8%, down from 5.1% projected in March. For the fourth quarter of 2026, the period most influenced by current monetary policy decisions, the bank now projects the 12-month inflation rate to reach 3.6%, down from 3.7% estimated in the quarterly monetary policy report released late March.
Reuters
27-02-2025
- Business
- Reuters
Brazil's central government posts $14.6 billion primary budget surplus in January
BRASILIA, Feb 27 (Reuters) - Brazil's central government posted a primary budget surplus of 84.882 billion reais ($14.6 billion) in January, Treasury data showed on Thursday, for which economists polled by Reuters were forecasting a 88.450 billion reais surplus for the month. ($1 = 5.8268 reais)
