By Sudip Kar-Gupta PARIS (Reuters) – European Central Bank (ECB) President Christine Lagarde said on Thursday that the ‘hardest and worst bit’ regarding inflation was likely over and that interest rates would be cut if the ECB had certainty that inflation had fallen to the 2% level. “I think the hardest part is behind us,” …
ECB’s Lagarde: rate cuts to occur if it is clear inflation has fallen to 2% Read More »
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s markets, which soared after President Javier Milei took office a month ago, are now giving the libertarian leader a dose of reality, with bond prices slipping, the peso weakening again and investors wary of the government’s new debt auctions. The splash of cold water from investors after …
Argentina’s markets give Milei a reality check as early romance fades Read More »
By Nevzat Devranoglu NEW YORK/ANKARA (Reuters) -Turkey is committed to achieving disinflation, central bank chief Hafize Gaye Erkan told investors on Thursday while anticipating the completion of the monetary policy tightening cycle as soon as possible, two sources told Reuters. Erkan, in New York for a day of presentations to foreign investors, said achieving disinflation …
Turkish central banker Erkan says country is determined to achieve disinflation -sources Read More »
By Horacio Soria and Hernan Nessi BUENOS AIRES (Reuters) -Argentina’s annual inflation rate sped past 211% in December, official data showed on Thursday, hitting the highest level since the early 1990s as new libertarian President Javier Milei seeks to head off hyperinflation with tough austerity measures. Argentina’s monthly inflation rate also hit 25.5% in the …
Argentina inflation surges past 200% as economic crisis bites Read More »
By Lucinda Elliott MONTEVIDEO (Reuters) – Argentina has taken the unwelcome regional inflation crown from Venezuela, becoming the Latin American country with the highest inflation rate in 2023 after prices rose over 200% last year, the highest level in three decades. The South American grains producer reported annual inflation of 211.4% on Thursday, with prices …
Argentina takes unwelcome Latin America inflation crown from Venezuela Read More »
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s annual inflation rate ended 2023 at 211.4%, the highest since the early 1990s, official data showed on Thursday, propeling the embattled South American country’s year rise in prices above Venezuela for the first time in decades. Argentina’s monthly inflation also hit 25.5% in December, below forecasts, after …
Argentina annual inflation tops 211%, highest since early 90s Read More »
WASHINGTON (Reuters) – The U.S. federal government posted a December deficit of $129 billion, up $44 billion or 52% from a year earlier as outlays rose while receipts fell from December 2022 levels that were swelled by pandemic-deferred tax payments, the U.S. Treasury Department said on Thursday. The Treasury said that outlays for December rose …
US budget deficit for December up 52% to $129 billion Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices increased more than expected in December, with Americans paying more for shelter and healthcare, suggesting it was probably too early for the Federal Reserve to start cutting interest rates. Expectations for a rate cut in March were also tempered by other data on Thursday showing the …
Rising shelter, healthcare costs lift US consumer inflation in December Read More »
(Reuters) – European shares opened higher on Thursday, ahead of a key inflation report in the U.S. that will offer clarity on the trajectory of interest rate cuts by the Federal Reserve, while basic resources shares led gains. The pan-European STOXX 600 was up 0.6% by 8:10 GMT. Market participants keenly await the U.S. inflation …
By Jorge Otaola and Eliana Raszewski BUENOS AIRES (Reuters) -Argentina and the International Monetary Fund (IMF) finalized the details of an agreement over the country’s embattled $44 billion loan program, unlocking a more-than-expected $4.7 billion, the fund said on Wednesday. “Understandings were reached on a strengthened set of policies to restore macroeconomic stability and bring …
Argentina, IMF reach deal to salvage debt program, unlock key funds Read More »
