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Search resuls for: "Orlando Ferreres"


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REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsBUENOS AIRES, Aug 23 (Reuters) - Argentina's economic activity fell 4.4% in June from a year earlier, the country's official statistics agency said on Wednesday, below the expectations of a Refinitiv poll of a 4.0% drop. The country's economy has been severely hit by poor performance in the agricultural sector, which registered a 40.4% drop year-on-year according to INDEC data . "The impact of the poor performance of the agricultural sector is especially strong," said economist and director of Invenomica Pablo Besmedrisnik consulting firm. "As agriculture improves its figures, the general drop rate will moderate," consulting firm Orlando Ferreres & Asociados said in a report. Reporting by Hernan Nessi; Writing by Carolina Pulice; Editing by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.
Persons: Agustin Marcarian, Invenomica Pablo Besmedrisnik, Orlando Ferreres, Asociados, Hernan Nessi, Carolina Pulice, Isabel Woodford Organizations: REUTERS, Orlando, Thomson Locations: Azul, Argentina, BUENOS AIRES
BUENOS AIRES, April 12 (Reuters) - Argentina central bank board have been discussing the idea of another potential interest rate hike from the current 78% level, an adviser to the bank said on Wednesday, with analysts anticipating a 200-basis-point raise to contend with annual inflation running at over 100%. "The possibility of a new rate rise has been raised, but it is not yet defined," an advisor to the central bank told Reuters, asking not to be named as the discussions were private. A central bank spokesman declined to comment. Analysts, however, unanimously agreed another hike was likely, with monthly inflation for March expected to have accelerated to above 7%, the fastest since July last year. He agreed the rate would likely rise to 80%.
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