News of finance

Brazil hikes key interest rate 10th straight time

04-05-2022 21:13 Brazil's Central Bank raises key interest rate for the 10th straight time, trying to tame surging inflation that has proved tough to slow for policy makers.

Central Bank hikes rate for first time in a year

07-01-2022 01:41 Argentina raised its benchmark interest rate for the first time in over a year as it faces calls from the International Monetary Fund to tighten its monetary policy. 

Central Bank reserves at the limit as rumours swirl around Argentina

30-11-2021 21:40 Ecolatina consultancy firm forecasts that Central Bank reserves could end the year lower than in December 2020. Concerns remain about the level of money available to the BCRA, but economists rule out a potential 'corralito.'

by Brenda Funes

Brazil tightens most in tears, with 150 points now and December

27-10-2021 21:40 Brazil’s Central Bank delivered its biggest interest rate increase in almost two decades and pledged another equally large move for December, as it fights alone against deteriorating inflation expectations and growing fiscal concerns.

Ecuador's legislature to investigate president over Pandora Papers

11-10-2021 09:15 Ecuador's legislature votes to open investigation into whether Guillermo Lasso broke the law by keeping assets in tax havens.

El Salvador president says half a million using new bitcoin wallet

14-09-2021 11:56 There are now more than half a million people using El Salvador's bitcoin wallet, President Nayib Bukele said Monday.

IMF’s special drawing rights gives boost to Central Bank reserves

23-08-2021 21:42 International Monetary Fund boost of special drawing rights lifts Argentina's Central Bank reserves to highest amount in almost three years.

Peru's currency plummets amid political uncertainty

30-07-2021 17:29 Peru's currency fell to a record low against the US dollar on Friday as the Lima stock exchange dropped more than six percent amid uncertainty over the next finance minister.

El Salvador is banking on bitcoin, but will it work?

22-06-2021 15:28 El Salvador will soon become the only country in the world accepting bitcoin as legal tender, a cutting-edge but potentially risky new avenue for its large expat community to send money back home.

Mexico, Argentina urge debt relief for middle-income nations

08-04-2021 11:36 Mexico and Argentina call for international debt relief for middle-income countries home to many of the people pushed into extreme poverty by the coronavirus pandemic; IMF open to doing more to support nations hit hard by virus crisis.