Mexico's peso outperformed Latin
American currencies on Thursday after a bigger-than-expected
inflation rise fueled bets of a large rate hike this month,
while South Africa's rand shaved ...
Mexican consumer prices rose more than expected during the first half of September, official data showed on Thursday, keeping inflation near a 22-year high and reinforcing expectations of an interest rate hike later this month.
Brazil's central bank on Wednesday chose to keep interest rates unchanged, pausing an aggressive monetary tightening cycle even as U.S. and European policymakers are still racing to catch up with inflation.
Brazil's central bank on Wednesday chose to keep interest rates unchanged, pausing an aggressive monetary tightening cycle even as U.S. and European policymakers are still racing to catch up with inflation.
Brazil's central bank on Wednesday decided to keep interest rates unchanged, pausing an aggressive monetary tightening cycle after inflation began to ease in Latin America's largest economy. The bank's rate-setting committee, known as Copom, decided by a vote of 7-to-2 to leave its benchmark Selic interest at 13.75% after 12 consecutive increases.
* Hurricane Fiona strengthens after pummeling Puerto Rico, DR. * Bermuda premier faces leadership challenge. * U.S. to resume full immigrant visa processing in Havana in 2023. * PAHO sounds alarm on polio in Latin America. The latest in Latin American politics today: Argentina is preparing new legislation to regulate energy sector, president says.
Argentine President Alberto Fernandez on Wednesday said his government plans in coming days to submit legislation to the national congress that "would give certainty" to energy producers and help advance Argentina's liquefied natural gas agenda.
Brazilian Economy Minister Paulo Guedes said on Tuesday that efficiency gains by the government will allow for salaries to be increased after years of no meaningful hike in minimum wages and a salary freeze for public servants.
Brazilian Economy Minister Paulo Guedes said on Tuesday that salaries can be increased from now, after no real gain in minimum wages in recent years. Speaking virtually at an event hosted by the Brazilian Association of Supermarkets, Guedes also said that President Jair Bolsonaro's government intends to privatize Santos Port this year.
Argentina's central bank has tightened access to the foreign exchange market by soybean exporters as it decided they are no longer allowed to trade on alternative markets, hitting the local peso on Tuesday. The Argentine currency weakened 2.11% to 285 per dollar in the parallel black market following the central bank move, which was announced late on Monday.
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