Brazil’s consumer prices rose more than expected last year, dogging the central bank and its efforts to bring inflation back to target. Prices increased 10.06 percent in December from a year ago, above the 9.96 percent median forecast in a Bloomberg survey. They rose 0.73% on the month, the national statistics agency reported on Tuesday. … Read more
Argentina’s currency fell sharply on the parallel market this week, with the blue dollar selling at an all-time high of 207 pesos on Thursday, just days ahead of key legislative elections. However, by Friday – the last business day before tomorrow’s vote – the dolár blue had taken a breather, dropping to 202 pesos. Meanwhile, … Read more
President Alberto Fernández has accused the International Monetary Fund (IMF) of seeking to “impose” a programme of “austerity” on Argentina that would limit future growth. Speaking in an interview with local radio station AM750, the Peronist leader confirmed that his government is still seeking a deal to restructure its US$44-billion debt with the multilateral lender, … Read more
Argentine dollar bonds fell the most since September after Economy Minister Martín Guzmán criticised spending cuts proposed by the International Monetary Fund, highlighting the difficulties ahead in securing a new agreement. Notes maturing in 2041 dropped one cent to 32.8 cents on the dollar, the biggest decline since September 20, according to data compiled by … Read more
Argentina’s currency plunged on Wednesday on the parallel market, with the ‘blue’ dollar hitting a record high of 209 pesos, marking a 103 percent gap with the official exchange rate of 108.16 per greenback The blue dollar has risen from 199 to 209 pesos per dollar over the past week, pressured by liquidity due to … Read more