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inflation

latam-insights-–-inflation-skyrockets-in-argentina,-el-salvador-processes-digital-assets-licenses,-venezuelan-crypto-corruption-probe-continues

Latam Insights – Inflation Skyrockets in Argentina, El Salvador Processes Digital Assets Licenses, Venezuelan Crypto Corruption Probe Continues

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Inflation in Argentina goes over 100%, El Salvador issues its first digital assets licenses, and the crypto-linked corruption probe in Venezuela is still ongoing. Argentina Registers 104.3% Inflation In March, […]

Latam Insights – Inflation Skyrockets in Argentina, El Salvador Processes Digital Assets Licenses, Venezuelan Crypto Corruption Probe Continues Read More »

blackrock-ceo-expects-inflation-to-persist,-but-no-major-us-recession-in-2023

Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023

Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that “we’re going to have a 4ish floor in inflation.”

Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023 Read More »

europeans-to-see-more-interest-rate-hikes,-central-bank-governors-indicate

Europeans to See More Interest Rate Hikes, Central Bank Governors Indicate

Further rate hikes are warranted by persisting inflation in the eurozone, according to members of its monetary authority’s decision-making body. Two central bank governors, with different opinions about how aggressive the European Central Bank should be, nevertheless agree that more increases of key interest rates are yet to come. ECB Has Some Hikes Left to

Europeans to See More Interest Rate Hikes, Central Bank Governors Indicate Read More »

imf-blog:-interest-rates-to-fall-to-pre-pandemic-levels-once-inflation-is-tamed

IMF Blog: Interest Rates to Fall to Pre-Pandemic Levels Once Inflation Is Tamed

When inflation in advanced economies is tamed, real interest rates are likely to drop to pre-pandemic levels, the latest International Monetary Fund (IMF) blog post has said. According to the authors of the blog post, the transition to a “cleaner economy in a budget-neutral way” could result in lower rates in the medium term. Recent

IMF Blog: Interest Rates to Fall to Pre-Pandemic Levels Once Inflation Is Tamed Read More »

china’s-inflation-rate-drops-to-lowest-in-18-months

China’s Inflation Rate Drops to Lowest in 18 Months

The annual inflation rate in China has unexpectedly slowed down in March to its lowest level in a year and a half, the latest statistical data indicates. On a monthly basis, consumer prices decreased for a second consecutive month, despite estimates suggesting they will remain unchanged. Post Zero-Covid Policy Inflation in China Eases Further China’s

China’s Inflation Rate Drops to Lowest in 18 Months Read More »

latam-insights-—-alliance-against-inflation,-btg-pactual-launches-stablecoin,-and-argentina-debuts-new-dollar

Latam Insights — Alliance Against Inflation, BTG Pactual Launches Stablecoin, and Argentina Debuts New Dollar

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Latin American nations ink an agreement to reduce inflation, Brazil-based BTG Pactual launches its own dollar-pegged stablecoin, and Argentina launches yet another dollar exchange rate. Latin American Nations Sign Pact

Latam Insights — Alliance Against Inflation, BTG Pactual Launches Stablecoin, and Argentina Debuts New Dollar Read More »

core-inflation-on-upward-trend,-further-rate-hikes-expected,-ecb-execs-say

Core Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say

Amid underlying inflationary pressures, further interest rate increases may still be needed, members of the European Central Bank’s Governing Council have admitted. At the same time, the cycle with the highest hikes may soon be over, the officials indicated. End of Most Aggressive Rate Hikes in Sight Despite Inflation, but More to Come Before It’s

Core Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say Read More »

former-us-president-donald-trump-states-china-is-‘trying-to-replace-the-dollar-as-number-one-currency’

Former US President Donald Trump States China Is ‘Trying to Replace the Dollar as Number One Currency’

Former U.S. President Donald Trump has acknowledged the push that China is making to dethrone the dollar as a reserve currency. In a post published on Truth Social, Trump stated that if this comes to happen, it would be the biggest defeat in the history of the U.S. in the last 200 years. Donald Trump

Former US President Donald Trump States China Is ‘Trying to Replace the Dollar as Number One Currency’ Read More »

yellen-says-us-‘not-willing-to-allow-contagious-bank-runs,’-calls-opec-oil-production-cut-‘unconstructive’

Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’

Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking industry. Yellen insisted that “matters

Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’ Read More »

ecb-member-fabio-panetta-claims-rising-profit-margins-could-be-fueling-inflation

ECB Member Fabio Panetta Claims Rising Profit Margins Could Be Fueling Inflation

Fabio Panetta, a member of the executive board of the European Central Bank (ECB), has stated that companies increasing their profit margins could be helping to fuel inflation. In an interview with the New York Times, Panetta warned about the effect that companies increasing such margins could have on inflation levels in the long term.

ECB Member Fabio Panetta Claims Rising Profit Margins Could Be Fueling Inflation Read More »