The European Commission made new forecasts for inflation growth in Spain for this 2022, raising the forecast to 8.1 % compared to the 6.3 % estimated last May and maintaining 4 % for the growth of the Spanish economy at closing of the year.
The new economic estimates of the Community Executive are…
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inflation
Inflation in Argentina grows 5.3%
The Consumer Price Index of Argentina experienced a monthly variation of 5.3 % during the month of June and accumulated, in the first six months of the year, a rate of 36.2% with respect to the same period of the previous year, according to…
US seeks alternatives to tighten monetary policy
The president of the United States Federal Reserve (Fed), Jerome Powell, assured that there are ways for the agency to tighten monetary policy without plunging the country into a recession.
At an event organized in Portugal by the European…
Biden considers temporarily freezing gasoline taxes
Joe Biden, president of the United States, is evaluating the possibility of temporarily freezing the federal tax on gasoline, a measure that could place the price of a gallon at 18.4 cents for drivers.
Biden affirmed that he was analyzing…
Fed will seek to regulate inflation in the US
The president of the United States Federal Reserve Board (Fed), Jerome Powell, stressed that the US central bank is concentrating its efforts on returning the inflation rate to 2 % target and assured that the institution's commitment to…
Bitcoin fell 67% and reached its lowest point in 18 months
The cryptographic market continues its downward trend, as evidenced by the loss of value of Bitcoin (BTC) this Monday, June 13, when it reached a value of 22,800 dollars, registering “a decline of 67 % from its historical maximum of…
Biden will respect the autonomy of the Federal Reserve
Joe Biden, president of the United States, met Jerome Powell, president of the central bank, to discuss issues related to the economy and has promised to respect the autonomy and independence of the Federal Reserve in managing and…
Bitcoin recorded seven consecutive weeks of losses
Bitcoin, the cryptocurrency with the largest market capitalization, has registered losses for seven consecutive weeks, which has become a new historical record for the cryptocurrency in the midst of an increasingly complex market due to the…
The Bank of Mexico increases the interest rate to 7%
The majority of the members of the Bank of Mexico decided to increase the reference interest rate by 50 basis points to reach 7%. Four of the five leaders of the financial entity voted for the eighth consecutive increase in the face of…
United States IPC stopped in April
The consumption price index (CPI) of the United States stopped its ascending path in April at 8.3 % at an interannual rate, two tenths less than in the previous month, when it had registered its greatest reading since December 1981,…
Chile reaches double-digit inflation
The Chilean Consumer Price Index climbed again in April to stand at an interannual rate of 10.5%, according to data released by the National Institute of Statistics (INE).
The new increase in the price of products and services was caused…
GDP decreases and inflation increases in Germany
The German Economy and Climate Minister, Robert Habeck, admitted that the war between Russia and Ukraine is impacting the German economy and pointed out that the new growth projections for the end of 2022 highlight that the GDP will grow…