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Economy & Business - March 2011 (ISSN 1741-7430)
URUGUAY: Message received and understood
On 23 March the economy minister, Fernando Lorenzo, issued a public
warning that the economy was in danger of overheating. He was speaking just
before the monetary policy committee of the central bank met, so his comment was
a barely disguised call for a sharp jerk on the monetary policy lever. Interest
rates have been at 6.5% since 23 December. The central bank heard him and
surprised the financial markets by lifting rates by a full percentage point to
7.5% on 23 March.
- Too much of a good thing?
- A haven but fundamental problems loom
- MEXICO: Picking up
- BRAZIL: Selic goes to two-year high
- ARGENTINA: Still on the up
- CHILE: Slamming on the brakes
- PARAGUAY: Unions try to cash in on boom
- URUGUAY: Message received and understood
- BOLIVIA: Morales hits some problems
- COLOMBIA: Regaining investment grade
- ECUADOR: Bullish
- PERU: Booming
- VENEZUELA: All about oil
- COSTA RICA: Worries about inflation
- CUBA: Devaluing
- DOMINICAN REPUBLIC: Central bank acts
- GUATEMALA : Speculators accused over maize price rises
- HONDURAS: On the mend
- PANAMA: Overheating the risk
- NICARAGUA: Record exports
- OIL : Argentina's problem
- MINING: Japan keen on Bolivia's lithium
- BUSINESS: Latin America shifts on nuclear ambitions
- DEBT: Chile's booming debt market