Jair Bolsonaro, president of Brazil, reported that Petrobras, the state-owned oil company, will initiate a plan of small weekly reductions in the price of fuels. However, the president did not specify quantities, percentages, or terms.
Hydrocarbons have registered a sustained growth in their prices…
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Browsing Tag
inflation
Powell for a second period as president of the Federal Reserve
Jerome Powell was ratified as president of the Federal Reserve by the president of the United States, Joe Biden, who also selected Governor Lael Brainard as vice president. Biden decided for administrative continuity in times when the…
Lagarde says inflation will persist in 2022
The president of the European Central Bank (ECB), Christine Lagarde, insisted, in the European Parliament, that the conditions for raising interest rates will not be met in 2022, despite the fact that inflation will fall more slowly than…
Tiff Macklem: “Bitcoin is not a digital currency”
Tiff Macklem, governor of the Central Bank of Canada was emphatic in indicating that Bitcoin "is not a digital currency" because, in his opinion, it is not a cryptocurrency frequently for the acquisition of products. It is an "investment…
The US Treasury will keep the control of inflation
"I do not think we are going to lose control of inflation," said the Secretary of the Treasury of the United States, Janet Yellen, although she recognizes that the prices of products and services will continue to increase until the middle…
Experts estimate Bitcoin to hit $ 100,000
According to the projections made at the beginning of the year, by experts in the cryptographic market, bitcoin could exceed the barrier of 100,000 dollars during 2021. Specialists from JP Morgan indicated that the trend could break this…
The conversion makes the dollar official national currency
The monetary reconversion that came into effect as of today, "will not put a brake on inflation, because the bolivar does not have a way to maintain its value, causing the dollar to become the currency of daily use." This was stated by the…
Economic activity in Venezuela fell 2.2 %
The Venezuelan Finance Observatory reported that "economic activity in Venezuela fell 2.2 % in the second quarter of 2021", registering a total of 25 consecutive quarters in the fall in the economic activity index. However, the reported…
Germany registers a slight increase in inflation
Year-on-year inflation in the leading power in the euro zone rose to 3.9 % in August. This was reported by the German Federal Statistical Office (Destatis). This is the highest number recorded by this nation in the last 28 years. In…
Venezuelan airline will accept Bitcoin as a means of payment
The Venezuelan airline Turpial Airlines reported, through an account on the social network Instagram, that it will admit new payment methods and customers will be able to cancel their internal travel tickets with Bitcoin, Paypal and Zelle.…
Venezuelan inflation could close between 1,400 and 1,500 % by December
Venezuelan inflation has been decelerating compared to previous years. It is estimated that by the end of 2021 it will close at levels close to 1,400 or 1,500 %. This was stated by the CEO of the consulting firm Aristimuño Herrera &…
Cryptocurrencies could control inflation in Argentina
The president of Argentina, Alberto Fernández, spoke through an interview about the benefits of cryptocurrencies, and how they could positively affect the local economy.
According to the national president, the use of digital assets could…