Trinidad and Tobago’s central bank raised its benchmark repo rate by 25 basis points to 5.0 percent, noting growth led by the energy sector, a pickup in private sector credit, still low inflation, and the implications of higher U.S. interest… Read More ›
Argentina’s central bank maintained 40% interest rate as inflation expectations rise. The decision was in line with a recent agreement with the IMF.
The Central Bank of the Argentine Republic (BCRA) has raised its key rate by a massive 12.75 percentage points since April 27 in an effort to shore up the exchange rate of the peso and force down inflation that is far in excess of the government’s target for 2018 of 15 percent.
Chile’s central bank left its monetary policy rate at 2.50 percent and said its board “foresees that it will keep the monetary stimulus at its current level until macroeconomic conditions tend to consolidate the convergence of inflation towards 3%.”
The Central Bank of Paraguay left its monetary policy rate at 5.25 percent, saying the most prudent strategy is to continue with the current monetary policy settings as inflation remains consistent with the objective and expectations remain anchored to this goal.
Peru’s central bank left its policy rate steady at 2.75 percent, noting the fall in inflation in the last five months, declining inflation expectations and economic activity that is below potential.
Mexico’s central bank left its benchmark interest rate steady at 7.50 percent, as expected by some but not all economists, saying this decision reflects the recent evolution in inflation, which is largely in line with its expectations.