Chile’s Central Bank, BCCh, recently reduced the monetary policy rate (TPM) by 75 basis points to 8.25%. Despite this cut, Chile still has one of the world’s most contractionary TPMs. A report by Scotiabank estimates Chile’s real TPM in December to be 3.75%. This ranks it among the five highest globally. In comparison, Chile’s current […]
Related Posts
Precautionary state of emergency declared in Brazil’s Paraná state due to bird flu
In response to the detection of avian influenza in wild migratory birds, the government of Paraná, a significant poultry producer state in Brazil, has proclaimed a zoo-sanitary emergency. The declaration intends to facilitate swift action should any indication of industry contamination surface. This initiative aligns with the Ministry of Agriculture’s recommendation, which applies to all […]
Panama Upholds Martinelli’s Money Laundering Sentence
Panama’s highest court confirmed Ricardo Martinelli’s sentence of over 10 years for money laundering, tied to the “New Business” case. The decision also includes a hefty $19.2 million fine against him and four others. This ruling, announced without detailed justification, follows Martinelli’s appeal and a nullification attempt, both dismissed by the court. Additionally, the court […]
Brazil’s Financial Morning Call for October 25, 2024
As we begin trading on Friday, October 25, 2024, investors are closely monitoring a mix of domestic and international economic indicators that could influence the Brazilian markets today. Domestically, the release of the FGV Consumer Confidence Index for October will provide crucial insights into consumer sentiment and potential spending patterns in Brazil. A rise in […]