Venezuela launches two-pronged inflation attack

Venezuela's central bank is raising interest rates and reserve requirements for banks in an effort to stem inflation. "These measures seek to provide incentives for national saving and adjust liquidity levels, with the goal of growing in a more stable environment," the central bank president, Gaston Parra Luzardo, said on 11 July.

Venezuela, which was the world's sixth-biggest oil exporter in 2006, is experiencing the highest inflation in Latin America. Price controls have also discouraged

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account