In a strategic move, the Central Bank of Argentina has significantly reduced its benchmark interest rate from 80% to 70%. Announced on Thursday, this adjustment is the third under President Javier Milei, who has been in office since December. With a firm commitment to addressing the nation’s high inflation rate, which has escalated to over […]
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Unexpected Rise in Brazil’s Consumer Price Index
Brazil’s National Broad Consumer Price Index (IPCA) saw a 0.56% increase in December, as the Brazilian stats agency IBGE reported. This rise was greater than November’s 0.28% and surpassed the forecasts of economists surveyed by Bloomberg, who had expected a 0.50% increase. This increase brought the IPCA’s total rise in 2023 to 4.62%. This rate […]
