
Ken Parks
Uruguay Correspondent at Bloomberg News
Bloomberg News correspondent for Paraguay and Uruguay. 22+ years in Latin America. Re-tweets should not be interpreted as endorsement.
Articles
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3 weeks ago |
bloomberg.com | Ken Parks
Carlos Carvallo, Paraguay's central bank governor. (Bloomberg) -- Paraguay’s central bank kept its benchmark interest rate unchanged at 6%, citing long-term inflation expectations that are aligned with the target. Tame consumer prices have allowed policymakers to hold borrowing costs steady at 6% since April 2024. Analysts surveyed this month by the central bank expect no change in interest rates through the end of the year.
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3 weeks ago |
bloomberg.com | Zijia Eleanor Song |Ken Parks
Have a confidential tip for our reporters? Before it’s here, it’s on the
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3 weeks ago |
bloomberg.com | Zijia Eleanor Song |Ken Parks
Carlos Fernandez, Paraguay finance minister(Bloomberg) -- Membership in one of the world’s most protectionist trade blocs will help shield Paraguay from the worst of near-term disruptions caused by US tariffs, the country’s finance chief said in an interview. Amid escalating global trade tensions, Paraguay is seeking to deepen political and economic ties with neighboring countries like Brazil and Argentina within the Mercosur customs union, which includes those nations and Uruguay.
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1 month ago |
bloomberg.com | Ken Parks
Uruguay and neighboring Brazil are tightening monetary policy, while other South American central banks in Colombia, Peru and Chile have held rates steady in recent months. (Bloomberg) -- Uruguay’s central bank raised its benchmark interest rate Tuesday to 9.25%, sending a hawkish signal about lowering consumer price increases and inflation expectations to its 4.5% target.
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1 month ago |
bloomberg.com | Ken Parks
Uruguay está preparado para elevar aún más las tasas de interés en caso de que sea necesario para guiar la inflación y las expectativas de precios hacia la meta del 4,5%, ya que el país sudamericano busca aprovechar su reciente éxito en la moderación de los precios al consumidor, dijo en entrevista el presidente del Banco Central, Guillermo Tolosa.
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