Tag: Central Bank
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How August Deflation Will Influence Central Bank Rate Decisions
Understanding August Deflation In August, a notable deflationary trend emerged, particularly in food prices, which decreased by 0.81%. This drop was primarily driven by a significant reduction in prices of fresh produce, where vegetables saw a steep decline. For example, the cost of essential items such as potatoes fell by 30%, beetroots by 26.4%, and…
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Impact of Monthly Deflation in August on Central Bank Rate Decisions
Understanding Monthly Deflation In August, Russia experienced a notable monthly deflation of 0.81%, driven primarily by a significant drop in food prices. This decline was largely attributed to the reduced prices of vegetables, with the so-called “borscht set” becoming considerably cheaper. For instance, potatoes saw a price drop of 30%, beets decreased by 26.4%, and…
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Impact of Monthly Deflation on Central Bank Rate Decisions
Understanding Monthly Deflation in August In August, the economy experienced a notable monthly deflation of 0.81%, primarily driven by a significant decrease in food prices. This decline was largely attributed to the substantial drop in the prices of vegetables, with staples like potatoes falling by 30%, beets by 26.4%, and cabbage by 25.4%. Such price…
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Forgotten Funds: Millions of Brazilians Have Unclaimed Money
Introduction to Forgotten Funds in Brazil In a significant revelation, over 48 million Brazilians and 4.6 million businesses may be eligible to claim forgotten funds, according to the recent data from the SVR (Sistema de Valores a Receber) released by the Central Bank of Brazil. This stunning statistic highlights the pressing issue of unclaimed money…
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Understanding the R$ 15,000 Limit for Pix Transfers
Introduction to the R$ 15,000 Pix Limit Recently, the Central Bank of Brazil announced a significant change regarding Pix transfers, implementing a new limit of R$ 15,000 for transactions made via this popular payment method. This decision comes in response to a series of cyber attacks that have raised concerns about the security of financial…