Latest news with #inflación
Reuters
30-06-2025
- Business
- Reuters
Argentina economic activity grows 7.7% in April, above expectations
BUENOS AIRES, June 30 (Reuters) - Argentina's economic activity rose 7.7% in April compared with the same month last year, marking its sixth consecutive month of year-on-year growth, official data showed on Monday. The figure for Latin America's third-largest economy came above the 6.6% expansion projected by analysts polled by Reuters. The pace of growth accelerated from the 5.4% expansion it reported for March. Most economic sectors expanded in the month, led by the Financial sector, which jumped 28.4%, and construction, which registered a 17.1% increase. On a month-on-month basis, Argentina's economic activity increased 1.9% in April. The government of libertarian President Javier Milei has implemented a series of tough austerity measures as it looks to lift Argentina's economy out of a crisis marked by steep and persistent inflation.
Reuters
25-06-2025
- Business
- Reuters
Brazil's Haddad says debate over increasing public spending is frozen
SAO PAULO, June 24 (Reuters) - Brazilian Finance Minister Fernando Haddad said any debate on increasing public spending is frozen until the government ensures fiscal sustainability, according to an interview with Record TV published on Tuesday. Haddad stated that no new spending increase would be welcome unless it is essential. The minister also voiced concern over the central bank's monetary policy, calling the country's benchmark interest rate "very, very restrictive" and well above projected inflation. The central bank last week raised the benchmark rate by 25 basis points to 15%, the highest since 2006, and signaled an extended pause ahead. The minister argued that the recent rate hikes took place amid an inflationary scenario - particularly regarding food prices - that is being solved. The full interview will be broadcast by Record News later in the evening.
Bloomberg
19-06-2025
- Business
- Bloomberg
Unfrozen Loans Give Arce Hope of Easing Crippling Bolivia Crisis
Bolivian President Luis Arce plans to use overseas loans green-lit by congress to tackle crippling fuel shortages and soaring consumer prices before he leaves office in November. 'We're going to make every effort to keep the economic growth rate positive, and we're going to keep inflation as low as possible,' the socialist leader said Wednesday, in an interview in La Paz.
Reuters
11-06-2025
- Business
- Reuters
Mexican financial system resilient despite risks, says cenbank
MEXICO CITY, June 11 (Reuters) - Mexico's financial system is solid and resilient, Mexico's central bank said on Wednesday, insisting that amid rising inflation and continued trade uncertainty the banking system has enough liquidity to withstand a downturn. "The Mexican financial system has shown resilience in a global context characterized by the slowdown in economic activity, the continued disinflationary process," as well as trade tensions with the U.S. and the expectation of looser monetary policies worldwide, the Bank of Mexico said in its biannual financial stability report. Banxico, as Mexico's central bank is known, said that the country's banking system maintains "solid levels of capitalization and liquidity" that are above regulatory minimums, and stress tests show that it can confront "simulated adverse scenarios." The bank's governing board is walking a tight rope as its members work to balance flagging economic growth with rising inflation, in addition to navigating continued trade uncertainty with the U.S., Mexico's top trading partner. Mexico's economic indicators indicate a challenging situation for the country: The bank's board last month slashed its forecast for Mexico's economic growth this year to just 0.1%, from a prior estimate of 0.6%. The bank warned that domestic economic activity would be sluggish in coming months, although Banxico Governor Victoria Rodriguez said at the time she did not foresee a recession. Headline inflation, meanwhile, accelerated to 4.42% in May, exceeding the upper-end of the central bank's target range of 3%, plus or minus a percentage point. Core inflation, which excludes volatile items like food and oil, rose to 4.06%, its highest level in almost a year.
Reuters
10-06-2025
- Business
- Reuters
Argentina monthly inflation seen at five-year low in May
BUENOS AIRES, June 10 (Reuters) - Argentina's headline inflation likely slowed in May to its lowest monthly rate in five years, a Reuters poll of analysts showed on Tuesday. Consumer prices rose 2% last month, according to the average and median estimates of 24 local and foreign analysts, returning to an inflation level the country has not reached since the economy was paralyzed by pandemic lockdowns in the first half of 2020. Inflation has fallen significantly since President Javier Milei took office in December 2023, coming close to 2% in January and February before hitting 3.7% and 2.8% in March and April respectively. A May rate at or below 2%, if confirmed by the national statistics agency on Thursday, would be the best monthly rate of Milei's government. "Although the inflation data for March and April showed a slight acceleration compared to the previous months, in May a new trend begins to become evident", said Julian Orue, economist at Fundacion Libertad y Progreso. In mid-April, Milei's government eased Argentina's exchange rate regime, which, according to analysts, helped ensure a downward trend in inflation. "The downward trend in inflation is holding steady, despite the normal bumps that come with an economic stabilization and normalization process," said Pablo Besmedrisnik, economist and director of VDC consultancy. The analysts' projections for May inflation ranged between a minimum of 1.6% and a maximum of 2.5%. Argentina's statistics agency INDEC will release official data regarding May inflation on Thursday afternoon (1900 GMT).
