Sergio Armella News Today

(Bloomberg) -- Chile’s central bank slowed the pace of interest rate cuts and left its options open for the size of future reductions, signaling caution in the face of inflation risks from stronger economic activity and a weaker peso.Most Read from BloombergA Million Simulations, One Verdict for US Economy: Debt Danger AheadTrump Media’s Business Doesn’t MatterTrump Sues Truth Social Company Co-Founders to Zero Them OutTrump Got His $175 Million Bond From a Billionaire Fan&#...

Analysts believe the radical measures announced this week by new President Javier Milei offer a realistic opportunity to rescue the South American economy.

The IMF is embracing the President’s radical reforms – perhaps others should listen

Javier Milei (pictured) beat economy minister Sergio Massa with 56% of the vote having promised to take a chainsaw to public spending.

Far-right libertarian Javier Mileis strong win in Argentinas presidential election could boost bonds and equities but put downward pressure on the peso currency, investors said on Monday. ... -November 20, 2023 at 06:06 am EST - MarketScreener

Javier Milei (pictured) beat economy minister Sergio Massa with 56% of the vote having promised to take a chainsaw to public spending.

A stronger-than-expected showing by Argentina's ruling Peronist coalition at a general election on Sunday has set the stage for a run-off vote on Nov. 19 between Economy Minister Sergio Massa and far-right radical Javier Milei. Inflation is tracking at 138% and accelerating, currency and financial pressures are building up, economic activity is contracting, the fiscal deficit is widening, international reserves are at critically low levels, and net international reserves are negative.

(Bloomberg) -- The Chilean central bank’s plan to boost its depleted foreign currency reserves by 25% has roiled the peso and thrown an extra element of uncertainty into monetary policy.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyKen Griffin Ramps Up Credit Bets, Anticipating US RecessionTrump Urges Prosecutors to Drop Case, Offers Defense PreviewFed to Pause and Keep Option to Rais...

(Bloomberg) -- Chile’s central bank is expected to slow the pace of its interest rate increases as policy makers counterbalance mounting signs of an economic slowdown with annual inflation that’s poised to surge into double digits.

(Bloomberg) -- Colombia’s central bank raised interest rates to a 5-year high in a split decision to curb soaring inflation in the fast-growing economy. The bank lifted borrowing costs by one percentage point to 6%, Governor Leonardo Villar told reporters after the meeting on Friday.