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Critical situation in Europe
posted on: Nov 21 2011 10:11 by RDugey. Viewed 15 times.
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the Central Bank agreed to release about three billion pesos of the reserve requirement for commercial banks for loans to the sector construction and housing.
The Deputy Director of the Department of Foreign Affairs of the IMF, David Hawley, said that the seventh and eighth revisions of the Stand-By agreement were backward by the failure of the electricity sector. Is expected the mission to the country in the first half of December.
Inflation in October was 0.03%, reducing the annual rate to 8.9%. The reduction was due to the fall in the rate of transport in almost 1%
The annual underlying inflation is 5.4%. With the new system interconnection payments through multiple banks may make electronic transfers of funds into El Salvador, Guatemala, Honduras and Nicaragua, at a cost of $5 $.
The World Bank approved two loans for US$ 90 u000amillion as support to 600 thousand homes with limited resources under the programme of performance in the social sphere. The funds also seek to improve the institutions that assist in disasters natural.
Beyond
inflation in the United States. UU. It fell to 3.5% in October by the decrease in the price of energy. It is the first time since June that monthly inflation falls.
Eurozone industrial production fell 2% in September due to a lower production of consumer goods and capital.
The fall has been the biggest in over 2 years by the threats of recession in the region.
United Kingdom annual inflation fell to 5% and the Bank of England announced that it will take new measures of monetary stimulus in the coming months to boost the economy and avoid a recession.
Spain had to pay an average yield of 6.98% in bonds of 10 years during the last broadcast, very close to the level of 7% which is considered as u000aunsustainable for the economy and critical Spanish.
A month ago, Spain was paying 5.4% for the same instrument
The Prime Minister of Greece, Lucas Papademos, won the approval of the Cabinet to reduce the government deficit to 5.4% of GDP in 2012.
The plan seeks to ensure international loans before the elections to avoid a default on the economy.
The price of soya rose more than 1% in the futures markets since China announced a greater volume of purchase to replace state inventories across the country. The price of wheat also rose.
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