Latin News

Priorities                  

Priorities                  

Photo Google. By Isaac Cohen* Despite recent turbulence among some regional banks, the central bank of the United States reiterated, last week, its strong commitment to returning inflation to its declared objective of 2 per cent, approving the ninth consecutive increase in the federal funds interest rate to 4-3/4 to…
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Trade-offs                   

Trade-offs                   

Photo: dreamstime By Isaac Cohen* The art of economic policy making consists in choosing between objectives that may contradict each other. For instance, the US Congress mandates the central bank to pursue both employment and price stability. However, to achieve both objectives may generate one of the best-known trade-offs if…
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Remittances to Cuba from the U.S. resumed

Remittances to Cuba from the U.S. resumed

Beneficiaries of remittances in Cuba have the possibility of receiving them directly in their bank accounts in foreign currency, from Metropolitano, BPA and Bandec banks.   U.S. company Western Union reestablished the sending of remittances to Cuba from all over the United States this March 3. The member of the…
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Turbulence                 

Turbulence                 

Foto Google. By Isaac Cohen* The release last Friday of February’s better than expected employment figures was darkened by news of financial turbulence emanating from some regional banks. Another month of vigorous job creation is evidence that the US economy remains strong, despite the monetary policy tightening that the central…
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