Reuters US Economy

SAO PAULO (Reuters) -Brazil’s central bank believes that since its latest policy meeting the current level of its benchmark interest rate at 15% is sufficient to bring inflation to target, the bank’s monetary policy director said on Wednesday. On the other hand, director Nilton David affirmed the current cycle is full of uncertainties, which prompts …

Brazil’s central bank director says current interest rate should bring inflation back to target Read More »

By Steven Scheer JERUSALEM (Reuters) -Israeli price pressures cooled further in September, with the annual inflation rate hitting a seven-month low of 2.5%, which combined with the end of the war in Gaza may convince policymakers to reduce interest rates soon. The rate, data from the Central Bureau of Statistics showed, slowed from 2.9% in …

Israel inflation rate dips to 2.5% in September, could entice rate cuts Read More »

MEXICO CITY (Reuters) -The Bank of Mexico should be more cautious cutting interest rates given the current scenario of sticky core inflation and headline inflation still above target, deputy governor Jonathan Heath said in an interview published on Wednesday. The central bank has cut borrowing costs for ten straight meetings, most recently delivering a quarter …

Bank of Mexico’s Heath calls for interest rate caution on inflation concerns Read More »

SAO PAULO (Reuters) -Retail sales volumes in Brazil rose 0.2% in August from July, data from government statistics agency IBGE showed on Wednesday.  The result was in line with analysts’ expectations and broke a streak of four consecutive monthly declines, despite the backdrop of tight monetary policy. Five out of eight sectors had positive readings …

Brazil retail sales rebound in August after four straight declines Read More »

(Reuters) -Brazil’s Finance Minister Fernando Haddad said on Wednesday that core inflation remained high due to persistent underlying pressures and noted that the central bank was acting accordingly with its restrictive stance. The remarks were made in a written statement marking Brazil’s participation in the International Monetary Fund and World Bank’s annual meetings in Washington. …

Brazil’s core inflation still high, central bank acting accordingly, finance minister says Read More »

By Anant Chandak BENGALURU (Reuters) -Most Gulf Cooperation Council economies will expand steadily this year and next on rising oil production, according to economists in a Reuters poll who upgraded this year’s growth expectations for Saudi Arabia – the region’s biggest economy. After a series of oil output cuts since early 2023, the Organization of …

Growth in most Gulf economies to hold steady this year and next on rising oil output: Reuters poll Read More »

(Reuters) -Spain’s European Union-harmonised 12-month inflation rate stood at 3% in September, up from 2.7% in the period through August, final data released by the National Statistics Institute (INE) showed on Wednesday. The INE’s final data was in line with the forecast in both the flash reading released two weeks ago and the average estimate …

Spain’s 12-month EU-harmonised inflation rises to 3% in September Read More »