During the meeting “Current Economic Issues: Dollarization in Venezuela?”, held at the Andrés Bello Catholic University (UCAB), economists María Antonia Moreno, Tamara Herrera, and Ronald Balza concluded that dollarization in the country will require fiscal, institutional, and statistical changes.…
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Lorenzo Mendoza asserts private enterprise will lead Venezuela’s new stage
The CEO of Empresas Polar, Lorenzo Mendoza, stated that Venezuela has formally entered a new phase of economic reconstruction in which the private sector and free enterprise will play a leading role, following the exhaustion of the statist…
The Fed raised rates to 3.75 %-4 % as inflation continues to rise
The US Federal Reserve decided to raise interest rates to the 3.75 %-4 % range in a scenario characterized by high inflation.
This is the Fed's first rate hike since July 2013 and one of the most controversial decisions by the new chairman…
Central Bank of Venezuela announces adjustment of interest rates
The Central Bank of Venezuela ordered remuneration of all bank deposits starting this Tuesday, September 15. The decision applies to demand deposits, fixed-term deposits, and checking accounts.
In this regard, demand deposits will have a…
Venezuela’s inflation in August was 8.9 %
According to the Central Bank of Venezuela, inflation in August reflected a slowdown, reaching 8.9 %.
"This is the second lowest monthly variation reported by the issuing entity in 2016, only behind the 6.3 % recorded in May, and marks a…
Dominican Republic’s year-on-year growth reached 4.6 % in July
Data from the Central Bank of the Dominican Republic shows year-on-year economic growth of 4.6 % in July, thanks to strengthened monetary and fiscal policies, as well as key sectors of national industry.
According to the central bank, this…
Japan to seek other crude oil suppliers
Japan announced on Wednesday, August 26, a plan to diversify its crude oil sources in order to reduce its dependence on the Strait of Hormuz. The plan includes working with Middle Eastern countries to build pipelines.
According to the…
Cost of the basic food basket in July exceeded 516,000 bolivars
The Center for Documentation and Social Analysis of the Venezuelan Federation of Teachers (Cendas-FVM) reported that the cost of the basic food basket for families exceeded 516,000 bolivars in July.
According to the agency's data, the…
Central Bank of Venezuela reports July inflation at 19.9 %
Inflation for July was 19.9 %, according to the report issued by the Central Bank of Venezuela on August 12. The institution projects a decrease in the indicator, which was accelerated as a consequence of the June 24 earthquakes.
The…
German economy threatened by low Rhine levels
The Rhine has reached its critical level due to the drought, a situation that is having a direct impact on the German economy, as companies are reducing merchant ship traffic on the river.
The waterway still accounts for 5 % of freight…
Chile’s economy grew 2.4 % in June
In June 2026, the Chilean economy grew by 2.4 %, breaking a five-month streak of decline, according to data released by the Central Bank on Monday, August 3.
In 2025, Chile's GDP grew by 2.5 %, with inflation closing at 3.5 %, its lowest…
Central Bank of Venezuela (BCV) coordinates strategies with national banks to control inflation and…
During a meeting between the Central Bank of Venezuela and representatives of public and private banks, key issues for the country's economy were discussed, including monitoring monetary liquidity, inflation, and exchange rate control.…