Reuters US Economy

By Nelson Bocanegra BOGOTA (Reuters) -Colombia’s central bank will cut its benchmark interest rate next week, a Reuters poll suggested on Friday, although analysts expect the bank to act cautiously for the rest of the year due to the worsening state of the government’s finances. Sixteen of 20 analysts surveyed said the bank would reduce …

Colombia central bank expected to cut rate after inflation dip- Reuters poll Read More »

OTTAWA, July 25 (Reuters) – Canada recorded a sharply higher C$6.50 billion ($4.71 billion) budget deficit for the first two months of the 2025/26 fiscal year as government expenditures grew but revenues stalled, the finance ministry said on Friday. By comparison, the deficit in the same period a year earlier had been just C$3.82 billion, …

Canada budget deficit over first two months of 2025/26 jumps to C$6.50 billion Read More »

SAO PAULO (Reuters) -Brazil’s inflation remained well above the central bank’s target range in its mid-July reading, official data showed on Friday, as policymakers gather next week for a meeting at which they are widely expected to hold interest rates at a two-decade high. Inflation in Latin America’s largest economy hit 5.30% in the 12 …

Brazil inflation hits 5.3%, central bank set to hold rates next week Read More »

By Indradip Ghosh and Mumal Rathore BENGALURU (Reuters) -The Bank of Canada will hold its overnight interest rate steady at 2.75% on July 30 for the third consecutive meeting thanks to a recent rise in inflation and a fall in unemployment, according to a Reuters poll of economists that still found many expect at least …

Bank of Canada to hold rates steady on July 30, but cut two more times in 2025- Reuters poll Read More »

By Gabriel Burin BUENOS AIRES (Reuters) -Brazil’s central bank will hold its benchmark interest rate at a two-decade high of 15% on July 30, according to a unanimous Reuters poll, although economists said it could acknowledge some moderation of inflation expectations. At last month’s meeting, the bank unexpectedly raised the Selic interest rate by 25 …

Brazil’s central bank to hold interest rate at 15%, bide time before easing- Reuters poll Read More »

(Reuters) -Russian truckmaker Kamaz said on Friday it would reduce production and shorten its working week to combat a crisis in Russia’s truck market that it blamed on the short-sighted policy of importers and the central bank’s high interest rates. Russia’s leading carmaker Avtovaz and the Gorky Automobile Plant both said this week that they …

Russia’s Kamaz to shorten work week due to truck market crisis Read More »