The Central Bank of Venezuela reported inflation for May in Venezuela of 6.3 %, the lowest in 19 months, indicating a slowdown in the rate.

According to the regulatory body’s report, “the largest increase in prices was recorded in the recreation and culture sector (7.3 %), followed by restaurants and hotels (7.1 %), clothing and footwear (7 %), household goods (6.8 %), education services (6.6 %), and communications (6.5 %).”

In early May, the president of the Central Bank of Venezuela (BCV), Luis Pérez, “anticipated that 2026 would be marked by significant changes, which, he stated, would be felt by the end of the year and very likely in the following years, especially the next two, 2027 and 2028.”

At that time, Pérez predicted that starting in May, inflation would be in the single digits, considering the behavior of prices, which had shown a progressive reduction since the beginning of the year.

Meanwhile, some experts point to the rise in the value of the dollar as one of the main causes of the price increases in the country.

M.Pino

Source: elnacional

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La entrada Central Bank of Venezuela reports May inflation of 6.3 % apareció primero en Bitfinance.

The sustained slowdown in the Consumer Price Index (CPI) in Venezuela supports the recent statement by the president of the Central Bank of Venezuela (BCV), Luis Pérez, regarding single-digit inflation starting in May.

The sustained slowdown in the CPI has allowed the strengthening of purchasing power and economic predictability.

Pérez emphasized in an official statement that “the stabilization of the foreign exchange market has been the fundamental anchor for this achievement. Thanks to a plan that includes a foreign exchange intervention of more than $1.35 billion for the month of May, the central bank guarantees the necessary fluidity and lubrication for the national productive sector.”

Pérez underscored that Venezuela is currently positioned as the fastest-growing economy in Latin America this year, and cited projections from several international organizations: ECLAC places Venezuela’s growth at 6.5 %; the UNDP forecasts a GDP increase of 7.4 %; and the International Monetary Fund estimates growth of 4 % for 2026 and up to 6 % for 2027.

M.Pino

Source: ultimasnoticias

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La entrada Venezuelan central bank projects single-digit inflation starting in May apareció primero en Bitfinance.

The Venezuelan Banking Association (AVB) issued Circular No. 188, informing that, starting May 1st, the Central Bank will cease processing checks through the electronic clearinghouse (CEE).

According to the AVB, a new system will be established: validation and collection will be done directly at the teller window of the issuing bank. If the person has an account at the same institution, “the payment can be made via direct deposit at the teller window. If they are not a client of the issuing bank, the institution may choose to pay in cash –depending on the amount–, facilitate the opening of an account, or apply other mechanisms.”

Regarding the availability of funds, it will be immediate if the check is deposited into an account at the same bank. “However, if the transaction involves different institutions, the money will be available the next business day.”

The AVB (Venezuelan Banking Association) reported that this new system may involve the collection of fees, depending on the method used.

The change in check cashing is part of the transition to the era of digital payments. This method has been steadily gaining ground. “According to the Banking Association, 99.9 % of transactions in the country are already carried out through digital channels.” Furthermore, “the removal of checks from the clearinghouse reflects their declining relevance in an environment dominated by electronic transfers and digital payments.”

M.Pino

Source: finanzasdigital

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La entrada Checks will no longer be processed through the electronic clearinghouse starting May 1st apareció primero en Bitfinance.

During 2025, Chile showed economic growth of 2.5 %. This is reflected in the National Accounts report published last week by the country’s Central Bank.

With data up to the fourth quarter of last year, moderate growth is evident, but it surpasses analysts’ forecasts, thanks to an increase in domestic demand, “with rises in investment and consumption.”

According to the report, the sectors with the greatest contribution were trade, personal services, manufacturing, and business services. Meanwhile, the sectors that showed a decline were mining, electricity supply, gas, water, and waste management.

The Undersecretary of Finance in the current government of President José Antonio Kast, Juan Pablo Rodríguez, indicated that the results published by the Central Bank confirm “an average growth of around 2.1 percent over the last 10 years.”

On the other hand, he emphasized that Chile needs “to return to strong, dynamic, and confident growth to generate more opportunities, better jobs, and greater well-being.” Regarding the biggest challenge for the new administration, the official indicated that it will be achieving annual growth close to 4 %.

M.Pino

Source: spanish.xinhuanet

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La entrada Chile’s Central Bank announces 2.5 % economic growth in 2025 apareció primero en Bitfinance.

Brazil’s Central Bank would implement an interest rate cut, currently at 15%, starting in March if the projected inflation rate for 2026 of 3.0 % is maintained.

During the recent meeting of the Monetary Policy Committee (Copom), in the last week of January, it was agreed to maintain rates at 15 %, the highest level in 20 years. The implementation of a cut next month will depend on whether the inflation forecasts hold true.

According to the Copom minutes, there is “a moderation in the pace of economic activity, consistent with the adjustment cycle, and an improvement in the behavior of food, energy, and service prices.”

However, it is noted that “the fiscal trajectory and the international scenario remain risk factors, especially due to recent market volatility and the persistence of high interest rates in advanced economies.”

The Brazilian economic outlook remains uncertain, awaiting developments in the price dynamics. The Copom will evaluate the possibility of easing interest rates at its next meeting, should the appropriate conditions arise.

M.Pino

Source: bancaynegocios

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La entrada Brazil’s Central Bank to cut interest rates in March apareció primero en Bitfinance.

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 explained by the growth of all its components, with the performance of mining and services standing out, while the seasonally adjusted figure was decisive for mining,” according to the report, which also cites the non-mining Imacec, placing it at 1.8 %, while the seasonally adjusted figure rose 0.3 % in one month and 2.4 % in twelve months.

The production of goods and services showed annual growth of 4.6 %, while trade grew 3.9 % annually. The automotive sector saw the highest vehicle sales. “The seasonally adjusted figures showed a contraction of 0.5 % compared to the previous month, impacted by the results of wholesale and automotive trade.”

M.Pino

Source: biobiochile

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La entrada Chile’s economy grew 2.5 % in April apareció primero en Bitfinance.

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 its national and international reserves, with the goal of boosting its development using its own gold.”

 

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During this announcement, the president invited investors and artisans who use gold in their works to “promote gold mining under rigorous ecological standards.”

M.Pino

Source: laverdaddemonagas

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La entrada Venezuela’s Central Bank received a ton of gold bars to increase reserves apareció primero en Bitfinance.

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 Maghrib, prepared a “draft law to regulate activities with cryptocurrencies.”

Global institutions such as the World Bank participated in its drafting. The intention is to “formalize the use of cryptocurrencies in a way that mitigates risks, encourages innovation and guarantees consumer protection.”

Undoubtedly, issues such as the local financial context, “volatility, lack of safeguards for consumers and their possible misuse in illegal activities” are still pending to be addressed.

M.Pino

Source: cripto247

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La entrada Morocco moves forward in adopting cryptocurrencies apareció primero en Bitfinance.

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 prices was recorded in the education services sector, where values ​​rose 3.2 %, as well as food and non-alcoholic beverages, with an increase of 2.1 %.

As a counterpart to these indices, the Venezuelan Finance Observatory (OVF), an autonomous entity made up of economic experts, maintains that for the month of August the country’s inflation was 2.8 % and the accumulated rate was 26.1 %.

In any case, the Executive plans to close the year with double-digit inflation for the first time in ten years.

The government of Nicolás Maduro has highlighted in its speeches the progress towards price stabilization as a reflection of the new internal economy.

M.Pino

With information from the BCV, national and international media

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La entrada Inflation in Venezuela for the month of August was 1.4 % apareció primero en Bitfinance.

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 operations between parent companies and subsidiaries plummeted by 85.6% compared to the same period in 2022.

Despite these figures, foreign direct investment in November showed a rebound of 2.6% compared to the same month of the previous year, reaching 7.78 billion dollars, according to the issuing body.

In the last 12 months to November 2023, FDI totalled $57.7 billion, representing 2.68% of Gross Domestic Product (GDP), down from 4.01% in the immediately preceding period.

The country ‘ s international reserves increased by $8.2 billion from October 2023 to $348.4 billion for that month.

Despite economic growth of 3% in 2023, according to financial market forecasts, a sharp slowdown is expected in 2024, with GDP expansion limited to 1.5%.

K. Tovar

Source: Bancaynegocios

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La entrada Investment in Brazil fell 36% between January and November apareció primero en Bitfinance.