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Policy splits will worsen Argentina inflation outlook

Location:

ARGENTINA

Though global commodity prices are a factor, inflation started accelerating in late 2021 due to pre-election monetary expansion. The rise has deepened differences between the…

Inflation adds to Brazil’s multiple economic woes

Location:

BRAZIL

This is close to the ceiling of the target band of 2.25-5.25% set for this year. In response, the Central Bank last week raised its benchmark interest rate from a record low of…

Australian budget curbs spending but dodges reform

Location:

AUSTRALIA

This seventh successive monthly increase takes the RBA’s benchmark cash rate to a nine-year high. With inflation now expected to exceed even the more recent RBA forecasts, further…

Brazil policies focus on short-term poverty responses

Location:

BRAZIL

The pandemic has worsened the living conditions of vulnerable people. Governmental emergency aid has temporarily lifted people out of poverty, but declining income gains, high…

Interest rates will continue to rise in Brazil

Location:

BRAZIL

The increase, the largest since 2002, comes despite low growth expectations and reflects concerns over rising inflation, with the Central Bank warning of a similar rate rise in…

New Uruguay government's COVID-19 boost will not last

Location:

URUGUAY

The contraction preceded the impact of the COVID-19 outbreak. The large inherited fiscal deficit and rising debt-to-GDP ratio are forcing the new government to take unpopular…