The magnate and co-founder of Tesla, as well as owner of the social network Twitter, Elon Musk, believes that the United States Federal Reserve should undertake a drop of half a percentage point in the reference interest rate at its meeting this week.
"The Fed needs to lower the rate at least 50…
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interest rates
The ECB raises interest rates to control inflation
The European Central Bank (ECB) announced a half percentage point increase in the interest rate, raising it from 2.5 % to 3.0 % on average for deposit returns.
In a press release, the ECB explained that the increase will be reflected in…
Latin America closes the year with high interest rates
At the end of 2022, interest rates in Latin America are at the highest levels in recent decades, although the downward trend in inflation in most of the region's countries in the second half of this year makes it possible to think about a…
JP Morgan presents projections of the world economy for 2023
The expected projections for the world economy in 2023 from JO Morgan Chase & Co. have been published. The main news points to a stabilization of the markets despite the slowdown in economic growth.
US bank analysts estimate a decline…
Bank of England raises interest rates
The Bank of England (BoE) raised the country's interest rates to 2.25 %, which is equivalent to an increase of 50 basis points, according to the entity's Monetary Policy Committee.
The British central bank's decision comes just one day…
The Fed must act directly to control inflation
The President of the United States Federal Reserve (Fed), Jerome Powell, indicated that the monetary authority must act "directly" to contain the rise in prices and comply with its mandate, which opens the door to another bulky rise in…
Europe will raise interest rates
The Governing Council of the European Central Bank (ECB) will carry out this week the first rise in interest rates in the eurozone since July 2011, thus ending an era in the monetary policy of the eurozone in the face of harassment runaway…
The Fed decreed a new increase in interest rates
The Federal Reserve of the United States (FED) decreed a new increase in reference interest rates in the order of 0.5 percentage points to place them in a range that oscillates between 0.75 % and 1 % with the purpose of avoiding a increase…
Bank of Argentina raises interest rates again
The board of directors of the Central Bank of the Argentine Republic raised the yield of the Liquidity Letters (Leliq) to 28 days, the reference rate in the country for the price of money, by 200 basic points, from 47 % to 49 %, as reported…
Energy prices impact European inflation
Christine Lagarde, president of the European Central Bank (ECB) stressed that an increase in interest rates will not impact the reduction in energy prices, which are responsible for 50 % of the increase in inflation on the continent.
The…
The US created 467 thousand new job vacancies in January
The US Department of Labor published a report reporting that the country opened some 467,000 new job vacancies during the month of January, greatly increasing the projections made by economists, who estimated some 150,000 jobs.
In a survey…
Central Bank of Chile maintains the interest rate at 0.5 %
The board of the Central Bank of Chile unanimously decided to maintain interest rates at the level of 0.5 % and to adapt a new credit assistance program of up to 10 billion dollars, through the financing line conditioned to the increase of…