The Bank of Mexico (Banxico) cut interest rates to 6.25 %, effective Friday, November 6, in a 3-2 vote by the Governing Board.
Analysts indicate that the measure could remain in place for an extended period, coupled with the resumption of downward adjustments in the cost of credit, "despite the…
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Spain expects moderate salary increase in 2027
In 2027, salaries in Spain could rise between 3 % and 3.5 %. According to the Michael Page 2027 Compensation Survey forecasts, for critical or hard-to-replace positions, the increase would range between 5 % and 7 %.
Regarding certain roles…
PDVSA projects one million extra barrels in seven years
The Venezuelan oil company PDVSA projects extra production in seven years of one million barrels, as indicated this week by executive vice president, Jovany Martínez.
The goal is inserted within the framework of the commercial and energy…
The Fed keeps interest rates flat as US inflation rises
The US Federal Reserve left interest rates unchanged on Wednesday, leaving them between 3.75 % and 4 %.
The decision was supported by 10 of the 12 members responsible for the country's monetary policy, while inflation continues to rise.…
China’s economy shows slight growth in last quarter
Recent data from China's National Bureau of Statistics reports year-on-year economic growth of 4.5 % in the last quarter.
"The figure slightly exceeded AFP's projection of 4.4 %, based on a survey of economists, and remains at the lower…
Economists warn of conditions for dollarization in Venezuela
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…
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…