The Dominican Republic’s central bank kept its monetary policy rate at 5.50 percent, saying it is attentive to the normalization of monetary policy in the United States and its impact on the dollar and the price of oil and is… Read More ›
This article originally appeared on CentralBankNews.info on December 4, 2018. It is reproduced here with permission from the author. Private inflation expectations have eased in line with lower international prices of oil and fuels while they remain at the central bank’s 3.0… Read More ›
This article originally appeared on CentralBankNews.info on October 18, 2018. It is reproduced here with permission from the author. Chile’s central bank raised its monetary policy rate by 25 basis points to 2.75 percent, saying the “board believes that the monetary stimulus… Read More ›
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.