Brazilian Finance Minister Fernando Haddad has expressed his intention to discuss a potential alteration of the timeline for meeting the inflation target with President Luiz Inacio Lula da Silva. Haddad believes that the current calendar-year target model is unnecessarily restrictive and warrants reconsideration. Speaking on the sidelines of a seminar.
Introduction: The Mexican peso has emerged as a top performer among major global currencies, demonstrating remarkable strength in recent weeks. Despite the decision by Mexico’s central bank to pause its nearly two-year rate-hike cycle, analysts are optimistic about the currency’s future. Trading at 17.40 per dollar, the peso has reached.
Introduction The latest data released by the Federal Reserve reveals a marginal decline in deposits at U.S. commercial banks, accompanied by relatively steady levels of credit provided. These figures, encompassing the week ending May 10, highlight the broader trends in the banking sector and offer insights into the state of.
Introduction The European Central Bank (ECB) is currently assessing the viability of implementing customized requirements for banks holding large volumes of uninsured deposits. This measure aims to mitigate the risks associated with such deposits. A working paper prepared by ECB supervisors for this week’s euro zone finance ministers meeting emphasizes.
The Reserve Bank of New Zealand is preparing to implement its final interest rate hike of a quarter point on Wednesday, marking the end of a highly assertive tightening cycle that began after the adoption of the cash rate in 1999. According to a recent Reuters poll, experts suggest that.
Bank of Japan (BOJ) Governor Kazuo Ueda recently underscored the central bank’s unwavering stance on maintaining ultra-loose monetary policy, providing reassurance to the markets amidst a global battle against stubbornly high inflation. As Japan’s inflation surpasses the BOJ’s 2% target, Ueda emphasized that the rise is primarily driven by cost-push.
Introduction Argentina’s President Alberto Fernandez, along with a vocal group of protesters in Buenos Aires, has taken a firm stance against the International Monetary Fund (IMF). The country faces a multitude of economic hurdles, including a staggering inflation rate of almost 109% and a decline in dollar reserves. In an.
Brazil’s Finance Minister, Fernando Haddad, has recently hinted at the possibility of adjusting the timeline for achieving the country’s inflation target. This move comes as the new government assesses its economic priorities and seeks to address the challenges posed by fluctuating market conditions and other external factors. By considering potential.
France’s government has passed a controversial pension reform that will raise the legal retirement age from 62 to 64 by 2030 . The reform aims to address the projected deficit of the pension system, which is expected to reach 17 billion euros by 2025. President Emmanuel Macron argues that the.
China is one of the most dynamic and complex markets in the world, with a population of 1.4 billion, a rapidly growing middle class, and a diverse range of industries and sectors. To navigate this market successfully, businesses need access to high-quality information and analysis from experts who have deep.
QT is the opposite of quantitative easing (QE), which is a policy tool that central banks use to stimulate the economy by buying government bonds and other assets. QE lowers interest rates and increases the money supply, making borrowing cheaper and encouraging spending and investment. The BoE started QE in.
Ghana, a West African nation known for its gold and cocoa production, is facing its worst economic crisis in a generation. The country’s public debt has reached unsustainable levels, forcing the government to seek external help and restructure its obligations. In this article, we will explain the causes and consequences.