In its most recent Monthly Index of Economic Activity (Imacec), the Central Bank of Chile reported economic growth of 2.5 % in April.
This percentage is above the estimates from the latest Economic Expectations Survey (EEE), which predicted a 2.10 % growth in activity.
“The new Imacec result was…
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central bank
Venezuela’s Central Bank received a ton of gold bars to increase reserves
Venezuelan President Nicolás Maduro announced the delivery of a ton of gold bars to the Central Bank to strengthen reserves.
Maduro stated: "Venezuela is already producing, following the most rigorous international standards, gold bars for…
Morocco moves forward in adopting cryptocurrencies
Morocco is studying the legal inclusion of cryptocurrencies in its financial system, which would allow citizens to use them on a daily basis.
In this advance in the legalization of cryptocurrencies, the country's central bank, Bank Al…
Inflation in Venezuela for the month of August was 1.4 %
The Central Bank of Venezuela reported this Monday, September 9, the inflation rate for the month of August, which closed at 1.4 %, while the accumulated rate reached 11.2 %.
According to the regulatory entity, the largest increase in…
Investment in Brazil fell 36% between January and November
In the period from January to November last year, Brazil experienced a 36% decrease in Foreign Direct Investment (FDI), reaching 52.716 million dollars, according to data from the Central Bank. Equity holdings fell by 22.8%, while lending…
Brazil’s economy contracted in September
In a recent report, the Central Bank announced that Brazil's economic activity experienced a contraction of 0.06 % in September compared to the previous month, reaching its lowest point since January. The monthly index of economic activity,…
Venezuela’s accumulated inflation reached 158.3 % in September
Inflation in Venezuela during the month of September was 8.7 %. This was announced this Friday by the country's Central Bank, adding that the accumulated inflation was 158.3 % and the interannual inflation was 317.6 %.
According to the…
Colombia forecasts economic growth and inflationary challenges
The Colombian Government has released its calculations regarding the expected increase in the country's Gross Domestic Product (GDP) for this year, setting the estimates between 1.8% and 2%, as reported by Europa Press on August 17, 2023.…
Argentine peso is devalued after Milei’s victory in the primaries
This Monday, the Argentine peso devalued 22 % after the impact on the country due to the victory in the primary elections of the far-right Javier Milei.
For some analysts, the fall in the local currency is not a surprise, taking into…
Switzerland works on new wholesale CBDC project
The Central Bank of Switzerland would be working on a wholesale CBDC, backed in Swiss francs, and with the support of Six Digital Exchange.
The information was released at the recent event in Zurich, Point Zero Forum, by the entity's…
Venezuela seeks to integrate into Russia’s Mir payment system
The Central Bank of Venezuela is in the process of integrating into the Mir payment system, developed by Russia and widely used in several countries around the world, the Central Bank of the Latin American country announced in a statement.…
Argentina seeks to boost tourism with a new exchange rate for electronic payments
The Central Bank of the Argentine Republic (BCRA) issued a press release on May 4, 2023, in which it announced a new exchange rate for tourists making electronic payments in foreign currency as of May 5.
Currently, in Argentina, there is…