Jerome PowellPresident of the US Federal Reserve, gave a speech in Jackson Hole this Friday (23)His speeches caused Bitcoin, gold and stocks to rise. The highlight is the Bitcoinon the rise of 4.4% in the last 24 hours. The indexes S&P500 And Dow Jones to get up 0.82% And 0.84%respectively, and the gold valued 1% […]
Tag: interest
Minhacienda reiterated that Colombian growth will reach 1.5% in 2024
In this sense, he claimed that by 2023 a economic growth of 1.2%, which would be driven by the public administration, artistic activities and financial activities. Bonilla explained that in January 2024 the inflation continued to decline for the tenth straight month, consolidating into single digits. “The interest rates of Finance system they stay high. […]
Argentina changes its monetary policy rate, lower than the previous one
The new government of Javier Milei It has been proposed to reduce the Central Bank’s reimbursed liabilities – Leliq and Passive Passes – as the interest accrued by these instruments is an expansionary factor of the monetary base and therefore inflationary. Until a month ago, current President Milei’s concern was the ‘Leliq bomb’ and how […]
Interest rates will fall to 12.75%, Fedesarrollo survey predicts
Analysts consulted by Fedesarrollo expect the Bank of the Republic’s intervention rate to close the year at 12.75% in October. The interest rate has been at 13.25% for five months. For the months of October and December, analysts expect the intervention interest rate to be 13.25% and 12.75% respectively. They also expect the intervention rate […]
The dollar is down $46 and is at an average of $4,039
This behavior occurs after you know the economy of USA grew half a point in the second quarter, as confirmed in the third and final calculation of the Bureau of Labor Statistics (BEA)which also leaves the calculation of the annual growth rate of gross domestic product at 2.1%. This data shows a slowdown in the […]
The dollar is recovering during the day and stands at an average of $3,980
The price of the dollar in Colombia for the day of Tuesday, July 25, started at an average of $3,959, marking a slight increase of $9 from the Representative Market Rate (TRM) of $3,950.58. However, the US currency rose during intraday trading and now sits at an average of $3,980. In turn, the minimum price […]
The cap rate for credit cards will be reduced to 44.64% in June
The usury rate, the maximum that banks can charge for purchases with credit cards or regular credit, falls again for the month of June and amounts to 44.64% effective per year. The cut equates to a 77 basis point decline from May this year, when it was 45.41% year over year. The rate certified by […]
The US Federal Reserve raises interest rates another quarter of a point
The United States Federal Reserve (Fed) announced a new rate hike of 0.25 points this Wednesday, bringing interest rates in a range of 5% to 5.25%. The rise, the 10th in the past year, is in line with what analysts had predicted and comes in a context of high banking instability. In the statement, the […]
There are nine factors that cause inflation to rise: ANDI
National Association of Entrepreneurs (ANDI) president Bruce Mac Master assured that measures to curb inflation should focus on nine fundamental factors. He argued that “solving one or more of these problems will lower inflation” and that it is necessary to characterize inflation correctly to provide solutions. ANDI and SAC accepted President Gustavo Petro’s call to […]
Usury rates rose again to 47.09%
The financial top explains that for the purposes of the usury rule defined in the Penal Code (Article 305)whoever, directly or indirectly, receives or collects in exchange for a loan of money or for the sale of goods or services in an installment, profit or benefit in excess of half the interest may incur this […]