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September 16, 2020

FOMC Meeting September 15-16:Fed delivers on forward guidance, but defers on changes to QE

After announcing the changes to the Longer-Run Goals and Monetary Policy Strategy in the intermeeting period, the FOMC followed up with a very dovish statement at the September meeting.
  • Geography Tags
  • USA

September 16, 2020

Uruguay | Promising changes in monetary policy will help lower inflation

The rate of inflation in Uruguay has dropped significantly in recent decades but still remains high. The Monetary Policy Committee announced that it will use the interest rate as an instrument of monetary policy and set it at 4.5% per year. It also ratified the new target range of 3% to 6% from September 2022.

September 14, 2020

Global | Monetary policy: from emergency to strategy

The course begins with the hope that the worst of the pandemic and the greatest economic impacts are behind us. The combination of unprecedented monetary and fiscal stimuli has been key to softening the impact of the crisis. With the emergency behind us, central banks are reviewing their strategies.

September 11, 2020

Peru | Central Bank maintains policy rate unchanged in September

The Board of the Central Bank decided to maintain the monetary policy rate at 0,25% in September. The Bank renewed its commitment to maintain a strongly expansive stance for a prolonged period and placed emphasis on its efforts to provide liquidity to the market.
  • Geography Tags
  • Peru

September 10, 2020

ECB WATCH | Confident but ready to calibrate

The meeting did not provide any surprises on the reaction by the ECB to the hottest topics - inflation figures and the appreciation of the euro. The ECB continues to be very cautious but does not seem to be ready to extend the PEPP for the moment, unless further risks on the pandemic and on the economy materialize.

September 7, 2020

Global | Interest rates, disasters and climate change

The global economic scenario is defined by low growth, inflation & interest rates below what central banks would like, and a global pandemic. All of this has a lot to do with action against climate change.

September 1, 2020

Peru | Negative inflation in August

Lima's Consumer Price Index fell 0.11% m/m in August, in line with our expectations and the market (Bloomberg Consensus: -0.08% m/m), the second lowest figure so far this year. With this result, year-on-year inflation decreased to 1.7%, compared to 1.9% the previous month.
  • Geography Tags
  • Peru

August 27, 2020

Fedwatch: Powell shifts focus from “stars” to transparency and inclusiveness

The Fed released its updated Statement on Longer-Run Goals and Monetary Policy Strategy, which reflect changes in the economy over the past decade and explains how policymakers are planning to conduct monetary policy. The statement also enhances transparency, accountability and effectiveness of monetary policy.
  • Geography Tags
  • USA