Since the start of Argentina's new monetary plan, which involves the Central Bank (BCRA) selling dollars from exporters, the FX gap has shrunk from 55% to 42%. Despite this, it hasn't dropped below 40%. The BCRA's strategy has focused on preventing big jumps in the BCS rate rather than aggressively narrowing the gap.

On July 24, the Bank of Canada (BoC) announced its second consecutive rate cut, reducing the overnight rate by 25 basis points from 4.75% to 4.5%.

On June 12, the Federal Reserve released an FOMC statement, in which it announced its intention to maintain interest rates within the 5.25% to 5.5% range.

The Blue Chip Swap (BCS) rate has experienced a significant rise from a recent low of 1,070 on May 10 to 1,245 on May 22, marking a 16% jump in just a week and a half.

The Federal Reserve has opted to maintain the Fed Funds rate target range at 5.25% to 5.5%.

The budget projects program spending to reach nearly $491 billion in the next fiscal year, along with the deficit set to reach $40 billion.

The Federal Reserve has opted to maintain the Fed Funds rate target range at 5.25% to 5.5%.

The Federal Reserve has opted to maintain the Fed Funds rate target range at 5.25% to 5.5%.

Inflation has at last dipped below 3%, a move that brings inflation within the Bank of Canada's established long-term target range of 1-3%. Despite this, the Bank of Canada has chosen to persist with its policy of quantitative tightening, maintaining the overnight rate at 5%, Bank Rate at 5¼% and the deposit rate at 5%.

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The Federal Reserve has opted to maintain the federal funds rate's target range at 5.25% to 5.5%.

The Bank of Canada maintains its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.

Argentina's bold economic reforms continue as President Javier Milei devalued the peso by a staggering 54%, pushing the official exchange rate from $366.5 to $800 pesos per US dollar.

In its recent release, the Federal Reserve has decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent.

In a pivotal decision today, the Bank of Canada has maintained its overnight rate target at 5%, indicating a steady course amidst moderating inflation.

Federal Reserve's latest update: Economic activity rises in Q3 while inflation stays elevated. Interest rates remain steady at 5-1/4 to 5-1/2 percent. Insights on job gains, banking system health, and future monetary policy.

Explore the Bank of Canada's latest rate announcement where it maintains its policy rate and continues with quantitative tightening amid global economic slowdown. Uncover how these monetary measures interact with Canada's economic outlook and global financial dynamics.

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July figures revealed that Canada's GDP remained flat, falling short of economists’ expectations for a 0.1% expansion. The most significant setback came from the manufacturing sector, which contracted by 1.5%, its largest decline in over two years.

Today, the Federal Reserve has made a resolute decision: it will maintain current interest rates and refrain from any immediate rate hikes. This announcement underscores the Fed's dedication to fostering financial stability in the face of persistent inflation concerns.