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Guillermo Tolosa, Uruguay's new reserve bank president, announced on March 24, 2025, a push to lower inflation to 4.5%. Speaking at his inauguration, the 49-year-old economist described a plan to build on recent gains.Uruguay's inflation hit 5.49% in 2024, its lowest since 2005, but Tolosa called it still high. Uruguay tamed decades of price surge
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Read more: Uruguay's Central Bank Sets Sights on 4.5% Inflation Goal
Write comment (94 Comments)The Electoral Tribunal of Ecuador delivers a pivotal ruling on March 24, 2025, suspending Vice President Verónica Abad’s political rights for two years.
Three of five judges uphold the decision, fining her $14,100 and demanding a public apology to Foreign Minister Gabriela Sommerfeld. The tribunal cites gender-based political violence, sparking a
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Read more: Ecuador’s Vice President Faces Suspension in Political Showdown
Write comment (93 Comments)Peru's President Dina Boluarte selected Julio DÃaz Zulueta as Interior Minister on March 24, 2025, charging the retired authorities basic with tackling an unrelenting rise in crime.The swearing-in, held at Lima's Government Palace, followed Congress's censure of Juan José Santiváñez on March 21, ousting him with 78 votes for stopping working to stem a tide of 2
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Read more: Peru's President Names New Interior Minister as Crime Wave Grips Nation
Write comment (96 Comments)Venezuelan President Nicolás Maduro revealed a major expansion of the country's mining and metallurgy sectors on March 24, 2025, during the Expo Metal 2025 closing event in BolÃvar state.He exposed new worldwide contracts to restore industries hit hard by sanctions and disregard. Over 30 countries sent business leaders to the event,
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Read more: Venezuela Boosts Mining and Metals with Global Deals
Write comment (92 Comments)Brazil's Vice President Geraldo Alckmin, dealing with a São Paulo workshop on March 24, 2025, calls for the Central Bank to leave out food and energy rates from its rate of interest formula.He argues that these volatile sectors distort the Selic rate, now at 14.25%, and impede economic stability. His plan echoes the U.S. Federal Reserve's focus on core i
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Read more: [Brazil] - Brazil's Vice President Challenges Central Bank on Interest Rate Strategy
Write comment (92 Comments)Brazil’s Central Bank lifted the Selic rate to 14.25% last week, triggering fresh economic forecasts in its Monday, March 24, 2025, Focus Report.
Financial markets now expect inflation to hit 5.65% in 2025, down slightly from 5.66%, but still far above the 3% target. Growth projections dipped too, with GDP growth for 2025 revised to 1.98% from
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Read more: Latest Focus Report Predicts Brazil’s Economic Squeeze
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