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January 27, 2023
At its January meeting, the Central Bank increased the monetary policy rate by 75 bp, bringing it to 12.75%. The vote was split, with 2 members voting in favor of a 25 bp increase and 5 in favor of 75 bp.
In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.
The challenge for commercial banking consists in channeling resources towards “green” activities that promote biodiversity, generate value spillovers in ecological terms, and do not sacrifice long-term efficiency in the productive network.
Employment hardly changed between October and December seasonally adjusted (0.0% quarter-on-quarter), but hours worked increased (0.5%). Unemployment and temporary employment rates fell (13.0% and 17.9% QoQ, respectively). In 2022, 617,000 jobs…
Galicia's GDP increased by 4.1% in 2022. We expect an increase of 0.7% in 2023 and 3.4% in 2024, which will allow the creation of 17 thousand jobs in the biennium.
The environmental, social and economic impact of climate change highlight the growing concern for developing strategies to combat and mitigate its effects. Households approximately emit 20% of CO2 emissions, but their carbon footprint goes beyond that.
The Fed is attempting to reverse this downshift saying it is set to keep policy “sufficiently restrictive for some time”. Next week, the FOMC will agree to slow rate hikes again and will discuss how much further to go.
Sometimes we are not aware of the importance of the changes we are currently experiencing, either because they are happening too fast or too slow, or because we are just at a tipping point. This is the case with climate change.
The biggest economic success story of the last century is that of the so-called Asian tigers: Taiwan, South Korea, Singapore and Hong Kong. These countries managed to become advanced economies in a short period of time.
In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.
While manufacturing gained momentum in the middle of last year as bottlenecks abated, the sector has lost momentum in recent months as demand slows amid higher interest rates.
On December 16, Mexican President Andrés Manuel López Obrador proposed an initiative to reform the Aviation Law that would authorize foreign airlines and parastatals to operate in Mexican territory.
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