According to the monetary authority, this trend was promoted “by the good behavior of the food priceswhose annual inflation rate was 8.25%, more than two percentage points lower than that of October”, although the regulated prices sector “continued to put upward pressure on inflation due to increases in fuel and energy prices. For this reason, […]
Tag: monetary policy
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 […]
Billionaire Bets Bitcoin Will Reach $1 Million and Recommends Two Other Cryptocurrencies
Arthur Hayes, founder and former CEO of BitMex, once again stated that Bitcoin will reach the $1 million mark. His comments come after the Fed this Wednesday (13) kept interest rates between 5.25 and 5.50%, but now Wall Street traders are betting high that rate cuts will begin in 2024. Although not mentioned, the market […]
Powell defends “long-standing restrictive” monetary policy
© Jim Lo Scalzo/EPA (file) Author: Lusa Federal Reserve Chairman Jerome Powell said on Friday that reining in inflation “will likely require” maintaining a “tight” monetary policy for some time. In a speech given at the beginning of the Jackson Hole meeting, which brings together economists and leaders of several central banks, Powell also said […]
The good, the bad and the ugly of the rate hike
If you are wondering how the increase in the intervention rate of the Bank of the Republic It is imperative that you know that this measure is intended to curb the rise in inflation, which is already well ahead of analysts’ forecasts and stands at 8.01% per annum as of February. Inflation also exceeds the […]