Latin America & Caribbean
Mexico needs labour market reform - IADB vice-president
Growth rates have been among slowest in Latin America despite reform efforts, Levy says
Chile’s central bank fears effects of possible trade war
Central bank keeps interest rates steady as trade worries hurt price of copper
Central bank financing spells trouble for Guyana – IMF
Fund warns central bank financing of government could create problems for monetary policy and calls for better debt management infrastructure
Brazilian government must respect central bank independence – IMF
IMF directors warn against excessive exchange rate interventions
Argentina tweaks monetary policy framework
Committee will now meet once a month and publish members’ votes
IMF paper praises Chilean central bank’s forward guidance
Central bank’s monetary policy predictability and efficacy was “quite high”
Central Bank of Venezuela gets another new president
Ramón Lobo becomes latest victim of institution’s revolving door
Argentina launches new measures to stem peso depreciation
Analysts concerned new central bank tools to control peso are not enough
Trigger for emerging market sell-off still playing out, warns Argentine governor
There is a possibility of Argentina being “challenged further”, says Sturzenegger
Time for Central Bank of Argentina independence
Monetary financing has fallen sharply under Mauricio Macri’s administration, but must now end; independence law would help efforts to shatter Argentina’s inflationary shackles
Latin American central banks should improve communication strategies – IMF
Blog post suggests longer, more detailed, policy communication is not always better
Belize must act to escape cycle of defaults – IMF staff
The country has completed a third debt restructuring in a decade, but IMF research says fiscal consolidation is needed to put debt on a “clear downward trajectory”
Brazil’s central bank launches fintech laboratory
Central bank partners with big tech firms to help modernise how financial services are delivered
IMF recommends improved central bank communication in Latin America
Clearer policies and increased transparency could help to deal with future shocks
Argentina’s central bank makes further emergency rate hike as currency falls
Bank makes second emergency rate hike in less than 24 hours
Bank of Mexico to be more transparent on monetary policy
Central bank will publish meeting transcript with a three-year lag, as part of a policy to make its communication more transparent
No funds taken in cyber breach, Bank of Mexico says
Central bank reveals three participants of interbank payment network experienced “incidents” within internal systems; banks asked to implement “additional controls”
Venezuelan public invited to invest in national crypto asset
President Maduro announces public will be able to invest in ‘petro’ as well as gold; $1 billion from the proceeds of first petro auction to go to the central bank
Argentina’s governor reflects on reserve management rebuild
After liberalising the exchange rate in 2016, the country adopted new asset-allocation strategies
Lower inflation in LatAm threatened by debt, says World Bank’s Vegh
Public debt for Latin American region tops 50% of GDP
Central bank data shows Venezuela is in ‘stealth default’
Debt repayments have rapidly decreased since October 2017, data shows; reports suggest Goldman Sachs has been paid
IMF urges Costa Rica to shore up financial stability defences
Fund calls for increased transparency from financial stability committee and action to tackle dollarisation risk
People: Brazil central bank set for female deputy
Carolina de Assis Barros set to become deputy governor after reshuffle; ECB’s Euribor expert prepares for EMMI move; and more
Latin American markets were hit by 2010 US ‘flash crash’, DNB paper finds
Fall was driven by equities markets’ interdependence, not contagion, researcher argues