News
Brazil central bank cuts Selic interest rate 25 points to 14. 50%
1+ hour, 31+ min ago (329+ words) Merco Press Brazil central bank cuts Selic interest rate 25 points to 14. 50% Brazil's Central Bank following its two days meeting 2829 April of the Monetary Policy Committee (COPOM) announced the reduction of its SELIC rate by 25 basis points to 14. 50%. The cut, which…...
Uruguay's Economy Minister worried by too much success
4+ mon, 2+ week ago (258+ words) Montevideo, April 30th 2026 - 22: 33 UTC Uruguay's Economy Minister Gabriel Oddone announced Monday that his country's GDP was projected to expand by 2. 3% this year. While the figure is slightly lower than initial government forecasts, Oddone emphasized that it represents more than double the…...
Paraguay's economy projected to grow this year above expectations
4+ mon, 3+ week ago (293+ words) Montevideo, April 30th 2026 - 19: 01 UTC Paraguay's Central Bank (BCP) significantly revised its economic forecast this week, estimating that the country's Gross Domestic Product (GDP) will expand by 6% by the end of 2025, a sharp increase from the initial 3. 8% projection. "All high-frequency, short-term, and…...
Brazil's productive sectors uneasy with Selic kept at 15%
6+ mon, 1+ day ago (373+ words) Montevideo, April 30th 2026 - 06: 49 UTC Brazil's Central Bank's (BCB) Monetary Policy Committee (Copom) decided on Wednesday to maintain the basic Selic interest rate at 15% per annum, which drew long faces among the country's industry, commerce, and trade sectors. For the National Confederation…...
UK government borrowing costs rise to their highest since 2008 financial crisis — Merco Press
1+ week, 21+ hour ago (106+ words) The extent to which UK is exposed to the ongoing energy shock, as a consequence of the Iran war, and fears or rising inflation, was exposed by the British government's borrowing costs that have risen to their highest level since…...
Milei trapped between inflation and growth: admits “ not everyone is better off” but vows no course change
2+ week, 1+ day ago (524+ words) Milei trapped between inflation and growth: admits "not everyone is better off" but vows no course change'Merco Press Milei trapped between inflation and growth: admits "not everyone is better off" but vows no course change Argentine President Javier Milei acknowledged…...
Bolivia's Central Bank boasts growing reserves
10+ mon, 5+ day ago (273+ words) Montevideo, April 18th 2026 - 17: 12 UTC The Central Bank of Bolivia (BCB) announced this week that its net international reserves (NIR) have continued to grow, reaching US$2. 807 billion by the end of June 2025. This represents an increase of US$830 million since December 2024, and…...
Uruguay raises fuel prices 7% over Middle East war and shifts to monthly price-setting
1+ mon, 1+ week ago (279+ words) Montevideo, March 27th 2026 - 23: 48 UTC Uruguay's government announced on Friday a 7% fuel price increase effective April 1, as a direct consequence of rising oil prices driven by the U. S. -Israeli war against Iran and the effective closure of the Strait of Hormuz, through which…...
Argentina unemployment rises to 7. 5% at end-2025, Indec says
1+ mon, 2+ week ago (388+ words) Merco Press Argentina unemployment rises to 7. 5% at end-2025, Indec says Argentina's unemployment rate stood at 7. 5% in the fourth quarter of 2025, up from 6. 4% in the same period of 2024 and from 6. 6% in the previous quarter, according to data released on Wednesday by…...
Fed and ECB face a pivotal week as the oil shock revives inflation risk
1+ mon, 3+ week ago (888+ words) The U. S. Federal Reserve and the European Central Bank head into this week's policy meetings in a far more uncertain environment than they faced just two weeks ago. The Fed meets on March 17-18, and the ECB on March 18-19, just after the…...