M.PRESS
Considering their histories...most South American nations are understandably nervous about inflation.
But...Montevideo's central bank drastically raised its benchmark rate...by 75 bps...to 8.75%...as inflation continued to roar ahead.
The small nation across the Rio Plata/River Plate from Buenos Aires...where inflation is unofficially 25% or higher annually...wants to prune its growth.
In November...inflation there jumped to 8.4% from 7.9% in October.
The central bank’s target inflation range is a more modest 4% to 6%.
Popular Posts
- HONDURAS : 4 Nov. UPDATE: 176 Police Arrested For Corruption; Lobo Sacks His Top Cops...Sends Troops Into Sula, Tegucigalpa.
- POLAND: Warsaw Lauds LOT Pilot Wrona For Safe Crash Landing.
- ITALY / EUROZONE : New Greek Crisis Delays Berlusconi's Love Songs CD Release.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- PERU: Chaos Reigns In Lima's Streets With Unregulated Taxis And Ancient Buses.
- CHILE / CANADA : Court Suspends Barrick Gold Pascua Lama Mine Production.
- SERBIA / KOSOVO / EU : President Nikolic Talks Tough About Pristina.
- MEXICO: Guapo But Bobo...PRI's Pena Nieto Still Leads To Succeed Prez Calderon.
- MEXICO : Zetas Founder/ Leader "Lucky" Hernandez Lechuga Captured In Veracruz.
- Wall Street Journal Profiles Mexico's notorious "El Chapo."