The Monetary Policy Committee of the South African Reserve Bank increased the repurchase rate by 25 basis points to 3.75% in response to rising inflation risks. While South Africa's economy grew strongly in the first half of 2021, growth is expected to slow in the second half due to the July unrest and other factors. Inflation forecasts for 2021 and 2022 were revised upwards due to higher fuel, food and electricity prices. The risks to the inflation outlook are assessed as upside, though inflation is expected to remain close to the mid-point target over the medium term. Policy decisions will continue to be data-dependent and sensitive to risks in the uncertain economic environment.
Since the previous meeting of the Monetary Policy Committee (MPC), several risks to the inflation outlook have begun to materialise. While headline inflation is comfortably within the inflation target band, indications are that we have passed the low point of the current cycle. Developments in the international environment have placed upward pressure on the inflation trajectory, while the domestic growth outlook remains challenging.
Macroeconomic Developments Report. March 2021Latvijas Banka
Based on data from Latvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
Ukraine Monthly Economic Review, July 2017 DIXI Group
Highlights
On 13 July, the Ukrainian Parliament approved a draft of the pension reform in the first reading. Thus, Ukraine moved one step closer to the next IMF tranche, and in our base case scenario the fourth review may be accomplished and the fifth tranche be released this fall.
After the decline in industrial output earlier this year, recent development shows a return to growth. Retail sales dynamics remain strong. Nevertheless, the National Bank slightly cut its growth estimate for this year on the weak H1 and a weaker harvest estimate. We keep our conservative growth estimate of 1.5% yoy for the time being.
Inflation surprised to the upside to 15.6% on higher food prices in June. We now see growing risk that inflation may leave targeted for this year range (8% yoy +/-2 pp) from the upper bound, i.e. resulting in low double-digit inflation at year-end. So far, we keep our 2017 forecast at 9.5% yoy (eop).
UAH strengthened vis-a-vis the dollar in July, falling below the level of USD/UAH 26 and allowing the NBU to increase FX reserves to almost USD 18 bn. With inflation risks elevated, the NBU stopped cutting its key rate and kept it stable at 12.5% in July and August. However, some additional restrictions on the FX market were removed or may be removed soon.
Ukraine Monthly Economic Review, June 2017 DIXI Group
Highlights
The government drafted a pension reform and introduced the bills to the Parliament. In its updated memorandum, the IMF is also demanding a land reform and additional measures against corruption. We think the next IMF tranche may be released after the summer break, likely in autumn 2017.
Recent economic indicators point to better economic conditions: Q1 GDP has been slightly revised upwards to 2.5% yoy, and the May figures for industrial production (1.2% yoy) and retail sales (10.7% yoy) have been better than expected. Nevertheless, with cumulative industrial output down in the first five months of 2017, we lowered our GDP growth estimate for 2017 from 2% to 1.5% yoy.
The inflation rate accelerated to 13.5 % yoy in May, due to higher food prices. Nevertheless, the National Bank may cut the key interest rate further by 50bp to 12% in order to support economic growth at its next meeting on Thursday, 6 July.
FX reserves reached USD 17.6 bn in end-May, given a favourable situation on the FX market allowing for FX purchases. The exchange rate traded rather stable around USD/UAH 26.
The NBU tweaked FX market regulation, simplifying investment abroad and FX forward transactions as well as introducing electronic FX transfer licenses for individuals.
Since the previous meeting of the Monetary Policy Committee (MPC), several risks to the inflation outlook have begun to materialise. While headline inflation is comfortably within the inflation target band, indications are that we have passed the low point of the current cycle. Developments in the international environment have placed upward pressure on the inflation trajectory, while the domestic growth outlook remains challenging.
Macroeconomic Developments Report. March 2021Latvijas Banka
Based on data from Latvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
Ukraine Monthly Economic Review, July 2017 DIXI Group
Highlights
On 13 July, the Ukrainian Parliament approved a draft of the pension reform in the first reading. Thus, Ukraine moved one step closer to the next IMF tranche, and in our base case scenario the fourth review may be accomplished and the fifth tranche be released this fall.
After the decline in industrial output earlier this year, recent development shows a return to growth. Retail sales dynamics remain strong. Nevertheless, the National Bank slightly cut its growth estimate for this year on the weak H1 and a weaker harvest estimate. We keep our conservative growth estimate of 1.5% yoy for the time being.
Inflation surprised to the upside to 15.6% on higher food prices in June. We now see growing risk that inflation may leave targeted for this year range (8% yoy +/-2 pp) from the upper bound, i.e. resulting in low double-digit inflation at year-end. So far, we keep our 2017 forecast at 9.5% yoy (eop).
UAH strengthened vis-a-vis the dollar in July, falling below the level of USD/UAH 26 and allowing the NBU to increase FX reserves to almost USD 18 bn. With inflation risks elevated, the NBU stopped cutting its key rate and kept it stable at 12.5% in July and August. However, some additional restrictions on the FX market were removed or may be removed soon.
Ukraine Monthly Economic Review, June 2017 DIXI Group
Highlights
The government drafted a pension reform and introduced the bills to the Parliament. In its updated memorandum, the IMF is also demanding a land reform and additional measures against corruption. We think the next IMF tranche may be released after the summer break, likely in autumn 2017.
Recent economic indicators point to better economic conditions: Q1 GDP has been slightly revised upwards to 2.5% yoy, and the May figures for industrial production (1.2% yoy) and retail sales (10.7% yoy) have been better than expected. Nevertheless, with cumulative industrial output down in the first five months of 2017, we lowered our GDP growth estimate for 2017 from 2% to 1.5% yoy.
The inflation rate accelerated to 13.5 % yoy in May, due to higher food prices. Nevertheless, the National Bank may cut the key interest rate further by 50bp to 12% in order to support economic growth at its next meeting on Thursday, 6 July.
FX reserves reached USD 17.6 bn in end-May, given a favourable situation on the FX market allowing for FX purchases. The exchange rate traded rather stable around USD/UAH 26.
The NBU tweaked FX market regulation, simplifying investment abroad and FX forward transactions as well as introducing electronic FX transfer licenses for individuals.
Highlights on Global Central Bank Policy Rates as on July 2014Jhunjhunwalas
Highlights on Global Central Bank Policy Rates as on July 2014
#CentralBankOfHungary reduced BaseRate by 20 basis points to 2.10% with effect from 23rd July 2014
#Hungary #MagyarNemztiBank #MNB
#CentralBankOfRussia raised #KeyRate to 8.0 % on July 25th 2014 , #Russia #CBR #BankOfRussia
#ReserveBankOfNewZealand raised OfficialCashRate by 25 basis points to 3.50% on 24th July 2014 , #RBNZ #NewZealand
#CentralBankofNigeria retains #MonetaryPolicyRate at 12% #MPR,#MPC Monetary Policy Comittee met on 21st and 22nd July 2014.
#MonetaryPolicy of #CentralBankofTrinidadAndTobago maintains #RepoRate at 2.75%
#BankOfIsrael , As on 28th July 2014 the #MonetaryCommittee reduces the #InterestRate for August 2014 by 0.25 percentage points, to 0.5 percent, #BankIsrael #CentralBankOfIsrael #Israel
Stock markets registered broadly negative
trends in December, with falls of 0.4% for the
US S&P500, 2.3% for European DJ Stoxx50,
5.0% for the Italian FTSE MIB and 2.5% for
the DJ EuroStoxx Utilities sector index.
Stock markets, particularly those in Europe,
have been adversely affected by concerns
about political instability in Greece, as well
as by the weak economic situation in Eurozone
countries.
A survey of oil and gas executives and their opinions on a variety of industry-related issues. The survey finds that 24% of industry executives believe the recovery has already begun, while 33% believe it will begin in early 2017, for a combined 57% who say we've either already turned the corner, or soon will.
Macroeconomic Developments Report. September 2020Latvijas Banka
The Macroeconomic Developments Report is published on a semi-annual basis.
Based on data from Latvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
The recent correction in global financial markets has left developed market equities about 10% cheaper and emerging market equities 25% cheaper, removing a lot of the valuation froth that was evident.
Commenting in Novare Investments’ economic report for the third quarter of 2015, Francois van der Merwe, Head of Macro Research, said: “We expect global equities to be supported by continued accommodative monetary policies, soft inflation and a moderate global economic recovery.
One of the most burning issues that have dominated the public sphere in Nigeria and other oil exporting countries is the covid-19 pandemic and its attendant challenges. This pandemic is a shock on real economic fundamentals and frictionless of the market. It introduces a barrier between the market forces with strong complementary feedbacks in the real economy. The absence of precise vaccine or medication for the virus has necessitated the adoption of several precautionary measures with the aim of containing its wide spread. Critical among which are the travel restrictions, lockdown measures as well as social and physical distancing. These measures have detrimental effect on the demand and price of oil in the international market. In view of that, this study evaluates the social and economic impact of covid-19 in Nigeria taking into cognisance the effect on certain critical macroeconomic indicators. The study adopted an analytical approach to supplement the much ongoing documentations on the subject matter. Result shows that virtually all essential macroeconomic indicators are grossly affected with tax, remittances and employment exhibiting severe consequences. Also, uncertainty, panics and lockdown measures are key to motivating higher decrease in world demand. The supply disruptions and huge death toll generates a heightened uncertainty and panic for household and business. This uncertainty and panic leads to drop in consumption and investment thereby causing a decrease in corporate cash flows and triggered firm’s bankruptcy. Also, lay-off and exiting firms produce higher unemployment while labour income decreased significantly. Since it entails a large amount of government expenditure especially in the health sector which is required to contain the spread of the virus, there is needs for government to diversify its revenue sources and thus drop over dependency on the oil remittance. Furthermore, there is a need to support the financial system to avoid the health crisis becoming a financial crisis in the long-run.
A Deep Dive into the Indian Union Budget 2022aakash malhotra
What does the Union Budget 2022 mean for the Indian economy? Explore all the major announcements made by the Indian Finance Minister surrounding economic indicators, direct taxes, existing policies, indirect taxes and major industries. A detailed analysis by Deloitte experts. Everything you need to know in one place.
Highlights on Global Central Bank Policy Rates as on July 2014Jhunjhunwalas
Highlights on Global Central Bank Policy Rates as on July 2014
#CentralBankOfHungary reduced BaseRate by 20 basis points to 2.10% with effect from 23rd July 2014
#Hungary #MagyarNemztiBank #MNB
#CentralBankOfRussia raised #KeyRate to 8.0 % on July 25th 2014 , #Russia #CBR #BankOfRussia
#ReserveBankOfNewZealand raised OfficialCashRate by 25 basis points to 3.50% on 24th July 2014 , #RBNZ #NewZealand
#CentralBankofNigeria retains #MonetaryPolicyRate at 12% #MPR,#MPC Monetary Policy Comittee met on 21st and 22nd July 2014.
#MonetaryPolicy of #CentralBankofTrinidadAndTobago maintains #RepoRate at 2.75%
#BankOfIsrael , As on 28th July 2014 the #MonetaryCommittee reduces the #InterestRate for August 2014 by 0.25 percentage points, to 0.5 percent, #BankIsrael #CentralBankOfIsrael #Israel
Stock markets registered broadly negative
trends in December, with falls of 0.4% for the
US S&P500, 2.3% for European DJ Stoxx50,
5.0% for the Italian FTSE MIB and 2.5% for
the DJ EuroStoxx Utilities sector index.
Stock markets, particularly those in Europe,
have been adversely affected by concerns
about political instability in Greece, as well
as by the weak economic situation in Eurozone
countries.
A survey of oil and gas executives and their opinions on a variety of industry-related issues. The survey finds that 24% of industry executives believe the recovery has already begun, while 33% believe it will begin in early 2017, for a combined 57% who say we've either already turned the corner, or soon will.
Macroeconomic Developments Report. September 2020Latvijas Banka
The Macroeconomic Developments Report is published on a semi-annual basis.
Based on data from Latvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
The recent correction in global financial markets has left developed market equities about 10% cheaper and emerging market equities 25% cheaper, removing a lot of the valuation froth that was evident.
Commenting in Novare Investments’ economic report for the third quarter of 2015, Francois van der Merwe, Head of Macro Research, said: “We expect global equities to be supported by continued accommodative monetary policies, soft inflation and a moderate global economic recovery.
One of the most burning issues that have dominated the public sphere in Nigeria and other oil exporting countries is the covid-19 pandemic and its attendant challenges. This pandemic is a shock on real economic fundamentals and frictionless of the market. It introduces a barrier between the market forces with strong complementary feedbacks in the real economy. The absence of precise vaccine or medication for the virus has necessitated the adoption of several precautionary measures with the aim of containing its wide spread. Critical among which are the travel restrictions, lockdown measures as well as social and physical distancing. These measures have detrimental effect on the demand and price of oil in the international market. In view of that, this study evaluates the social and economic impact of covid-19 in Nigeria taking into cognisance the effect on certain critical macroeconomic indicators. The study adopted an analytical approach to supplement the much ongoing documentations on the subject matter. Result shows that virtually all essential macroeconomic indicators are grossly affected with tax, remittances and employment exhibiting severe consequences. Also, uncertainty, panics and lockdown measures are key to motivating higher decrease in world demand. The supply disruptions and huge death toll generates a heightened uncertainty and panic for household and business. This uncertainty and panic leads to drop in consumption and investment thereby causing a decrease in corporate cash flows and triggered firm’s bankruptcy. Also, lay-off and exiting firms produce higher unemployment while labour income decreased significantly. Since it entails a large amount of government expenditure especially in the health sector which is required to contain the spread of the virus, there is needs for government to diversify its revenue sources and thus drop over dependency on the oil remittance. Furthermore, there is a need to support the financial system to avoid the health crisis becoming a financial crisis in the long-run.
A Deep Dive into the Indian Union Budget 2022aakash malhotra
What does the Union Budget 2022 mean for the Indian economy? Explore all the major announcements made by the Indian Finance Minister surrounding economic indicators, direct taxes, existing policies, indirect taxes and major industries. A detailed analysis by Deloitte experts. Everything you need to know in one place.
Monetary policy is the policy adopted by the authority of a nation to control either the interest rate payable for very short term borrowings or the money supply, often as an attempt to reduce inflation or the interest rate, to ensure price stability and general trust of the value and stability of the nation's currency for every financial year based on the quarter, the new policy is made and executed for the growth of the economy. The RBI carries out the monetary policy through open market tasks, bank rate strategy, reserve system, credit control strategy, moral influence and through numerous different instruments.
SCB EIC revised down the Thai economic growth outlook in 2023 to 3.1% (from 3.9%) due mainly to much lower-than-expected outturn in Q2 and continued export contraction. Still, there remains impetus from private consumption and tourism sector. Foreign tourist arrivals experience a buoyant recovery and will approach 30 million people as projected this year, particularly the Middle East visitors that could be Thailand’s new potential target. As a result, the service sector recorded a steady rebound and helped reduce fragility in the labor market. In 2024, we expect that Thailand’s economy will accelerate to 3.5% with an upbeat recovery in foreign tourists around 37.7 million. Also, private investment is expected to grow in line with the better trend of investment greenlights from Thailand's Board of Investment (BOI). Also, Thai exports will regain momentum and provide thrust to overall growth in 2024.
Headline inflation is expected to escalate since Q4, but should remain anchored within the target range at 1.7% in 2023 and 2% in 2024—driven by higher energy and food prices. Meanwhile, the core inflation will likely stay elevated at 1.4% in 2023 and 1.5% in 2024. SCB EIC anticipates another policy rate hike in the September meeting to the terminal point of 2.5% since the Thai economy will continue to regain its potential. Inflation will encounter upside risks from higher energy and food prices. The real interest rate should therefore return to a positive trajectory, that will support Thailand’s economic and financial stability in the long term by preempting the buildup of financial imbalances during a prolonged period of low interest rates.
The global economic rebound will be increasingly unsynchronized. Based on our forecast, the global economic growth should ascend to 2.4% in 2023 and stand steady throughout 2024. The global economy has been outperforming the consensus. Yet, we observed a persistent fragility that could continue into 2024—as a result of rampant inflation, policy rate hikes among major economies, and depleting excess savings. Furthermore, China’s economy will face a slowdown over the short and long term as structural challenges could hamper the growth outlook.
Advanced economies' rate hike cycle will come to an end within this year. Rising commodity prices could drive global headline inflation around the year-end. Likewise, core inflation in major economies should stay elevated as tight labor markets continue to support labor income. Against such backdrops, the US Federal Reserve tended to keep its current policy rate at 5.25-5.5% until Q2/2024. The European Central Bank and the Bank of England will slightly raise policy rates in the rest of 2023 and maintain their restrictive rates for the time being. Monetary easing is expected in 2H/2024 after core inflation subsides. In Asia, the People’s Bank of China has stayed the course on monetary easing to bolster a flagging economy. In contrast, the Bank of Japan will likely scale
Union Budget 2023 by Nirmala Sitharaman brings new opportunities for the Indian economy with changes in direct tax and new policy updates with other industrial impacts. Read more at Deloitte India. Download PDF.
On the basis of an assessment of the current and evolving macroeconomic situation, RBI after the Monetary Policy Committee (MPC) meeting today on released Monetary Policy Statement, 2022
.
The underlying decisions has been set out in the statements below;
The federal budget deficit for fiscal year 2014 will
amount to $506 billion, CBO estimates, roughly
$170 billion lower than the shortfall recorded in 2013.
At 2.9 percent of gross domestic product (GDP), this
year’s deficit will be much smaller than those of recent years (which reached almost 10 percent of GDP in 2009) and slightly below the average of federal deficits over the past 40 years.
Monetary policy committee evaluated the current and evolving macroeconomic situation on December 8th, 2021 and released a Monetary Policy Statement considering interest rates, certain decision regarding the revival of the economy.
Global economic situation
The global recovery after the pandemic and the Russian invasion of Ukraine is slowing down with significant
asymmetries between economic sectors and regions.
The IMF forecasts a slowdown in global growth from an estimated 3.5% in 2022 to 3.0% in 2023 and 2024, 8
tenths of a percentage point lower than the annual average for the period 2000-19. The tightening of monetary
policy to control inflationary pressures is already having an effect on economic dynamism, although the
restoration of pre-pandemic conditions in supply chains and the good performance of the services sector are
acting as positive factors for growth.
Inflation remains high and is eroding household purchasing power. The IMF estimates that it will fall from 8.7%
in 2022 to 6.8% in 2023 and 5.2% in 2024. The correction of core inflation will be more gradual.
Against this backdrop, downside risks to global growth persist. These include renewed inflationary pressures,
renewed turbulence in the financial markets in the face of a possible tightening of monetary policies and credit
scarcity, a slowdown in the recovery of the Chinese economy, a slowdown in activity in the Eurozone, high levels
of sovereign debt, the continuation of the war in Ukraine and geo-economic and strategic uncertainty.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
The European Unemployment Puzzle: implications from population aging
Statement of the monetary policy committee november 2021
1. MPC Statement 18 November 2021 Page 1
PRESS STATEMENT
18 November 2021
STATEMENT OF THE MONETARY POLICY COMMITTEE
Issued by Lesetja Kganyago, Governor of the South African Reserve Bank
Steady advances in vaccination rates have sustained confidence and the global
economic recovery this year, even with further waves of the Covid-19 virus expected.
Recoveries in emerging market and developing economies will continue to lag those
in advanced economies, in large part due to a slower pace of vaccinations. The virus
however remains one of a series of current risks to South Africa’s economic growth
outlook that includes rising inflation, weaker commodity export prices, stagnant
investment, and the longer term impact of scarring from the pandemic and the July
unrest.
The International Monetary Fund’s (IMF) forecast for global gross domestic product
(GDP) is 5.9% in 2021, slowing to 4.9% in 2022. The SARB’s forecast for global growth
in 2021 now sits at 6.3% (up from 6.2%), and is unchanged for 2022 and 2023, at
2. MPC Statement 18 November 2021 Page 2
4.4%, and 3.3%, respectively.1 GDP growth in our trading partners in 2024 is forecast
to be 2.7%. Global economic conditions are now less supportive of emerging and
developing economies than in much of this past year.
Although policy settings in advanced economies remain accommodative, considerably
higher global inflation and rising uncertainty about the normalisation path for interest
rates continue to cause financial market turmoil and capital flow volatility. Risk
aversion in financial markets has increased. Economies that failed to take advantage
of improved global prospects or to reduce large macroeconomic imbalances remain
vulnerable.
While the domestic economy grew strongly in the first half of 2021, the second half of
the year is expected to show mixed results. Overall, we forecast the economy to grow
by 5.2% this year (from 5.3%), revised down due to the larger negative effect on output
than was previously estimated from the July unrest and other factors. Our revised
estimate for third quarter economic growth is -2.5%, compared to the previous -1.2%.
For the fourth quarter, we expect a GDP outcome of 2.6%, compared to the previous
1.6%.
Despite these quarterly revisions, the annual growth rate in GDP for 2021 reflects a
healthy bounceback from the economic effects of the pandemic. In the next two years,
economic growth is expected to align with a low rate of potential growth. GDP is
expected to grow by 1.7% in 2022 and by 1.8% in 2023, unchanged from the
September forecast. GDP growth in 2024 is forecast to be 2.0%.
1
Global growth in the QPM model is a trade-weighted average of South Africa’s trading partners. The IMF’s
October World Economic Outlook global forecast for 2022 sits at 4.9%.
3. MPC Statement 18 November 2021 Page 3
The July unrest, the pandemic and ongoing energy supply constraints are likely to
have lasting effects on investor confidence and job creation, impeding recovery in
labour-intensive sectors hardest hit by the lockdowns. High export prices are expected
to fade, perhaps faster than previously expected. Very weak job creation will moderate
household consumption. Investment will remain constrained by the high risk of further
loadshedding and ongoing uncertainty. The faster vaccine rollout presents some
upside risk to the growth outlook.
Overall, and after revisions, the risks to the medium-term domestic growth outlook are
assessed to be to the downside.
Compared to the September meeting the output gap is broadly unchanged over the
forecast period.
The current account surplus remains substantial, but is expected to be significantly
smaller than our [September] previous projection, at 3.8% of GDP in 2021 (from 4.6%).
Prices for important commodity exports such as rhodium, iron ore, coal and platinum
have decreased in recent months, some sharply. Oil prices have increased by about
68% year to date compared to the 2020 average price. Alongside higher prices and
stronger demand for imported consumer and investment goods, the commodity and
oil price movements imply a smaller trade surplus. Whereas a current account surplus
of 0.7% of GDP was forecast for next year (2022), we now expect a current account
deficit of 0.6% of GDP.2
2
The current account is expected to be in deficit of -1.8% in 2023 (from -0.3%) and -2.5% in 2024.
4. MPC Statement 18 November 2021 Page 4
Although fiscal risk has eased, financing conditions remain volatile and the yield curve
for rand-denominated bonds remains steep. Ten-year bond yields have shown greater
sensitivity to global and domestic factors, and sit at about 9.5% at present.
For much of the year, generally favourable global financial and economic conditions
and strong commodity export prices strengthened the currency above its long-run
equilibrium level. In recent months, increased uncertainty about global inflation and
policy settings, with a moderation in the terms of trade, have however contributed to a
weaker rand exchange rate. Since the September meeting, the rand has depreciated
by about 5.9% against the US dollar and now sits below its equilibrium level. The
implied starting point for the rand forecast is R15.1 to the US dollar, compared with
R14.47 at the time of the previous meeting.
With ongoing global supply shortages and strong demand, a wide range of prices
continues to accelerate, including raw materials, intermediate inputs and food.3 Some
of these price increases have passed-through to consumer prices in major economies.
Our estimate for inflation in the G3 was revised higher for 2021 to 2.9% (from 2.4%),
to 2.4% for 2022 (from 2.0%) and remains unchanged at 1.8% in 2023.4 For 2024,
G3 inflation of 1.6% is forecast.
Oil prices are revised up for this year, and fuel price inflation is higher at 17.6% (up
from 16.1%).5 Local electricity price inflation for 2021 remains at 10.1%, while the
3
World food prices continue to rise. The assumption used for the forecast for world food prices increased
from 13.4% in September to 25.4% for the November meeting.
4
The G3 comprises the United States, the Eurozone, and Japan.
5
The forecast for fuel prices in 2022 are revised higher from 3.7% in the September meeting to 4.6% currently.
For 2023 and 2024, fuel price inflation is expected to be 1.3% and 1.1%, respectively. Our assumptions are now
for oil prices to average $71.5 per barrel in 2021, $73 per barrel in 2022 and $68 per barrel in 2023. An average
price of $65 per barrel is expected in 2024.
5. MPC Statement 18 November 2021 Page 5
forecast for 2022 and 2023 is revised up to 14.4% (from 11.8%). For 2024, electricity
price inflation of 10% is expected.
The Bank’s forecast reflects higher headline inflation for the 4th quarter, at 5.3% (from
5.0%). For this year and the next two years, headline consumer price inflation is
revised slightly higher, to 4.5% for 2021 (from 4.4%), to 4.3% next year (from 4.2%),
and to 4.6% in 2023 (from 4.5%). Headline CPI for 2024 is expected to be 4.5%.
The forecast for core inflation remains at 3.0% in 2021 and is slightly lower at 3.7% in
2022 (from 3.8%). Core inflation is expected to be slightly higher at 4.4% in 2023
(from 4.3%), and reaches 4.5% in 2024. While the economy continues to expand over
the forecast period, core inflation remains subdued by low services price inflation,
modest unit labour costs and exchange rates.
The risks to the short-term inflation outlook are assessed to the upside. Global
producer price and food price inflation continued to surprise higher in recent months
and could do so again. Oil prices have increased sharply, with current prices well
above our forecasted levels for this year. Electricity prices are higher throughout the
forecast and with other administered prices continue to present short- and medium-
term risks. Given the moderate medium and long-term inflation projections set out
above, a weaker currency, higher domestic import tariffs, and escalating wage
demands present additional upside risks to the inflation forecast.
6. MPC Statement 18 November 2021 Page 6
Average surveyed expectations of future inflation remain at 4.2% for 2021 and 4.4%
for 2022. Market-based surveyed expectations for inflation for 2021 are broadly
unchanged.6
While the Committee expects inflation to stay close to the mid-point over the forecast
period, inflation risks have increased and the level of policy accommodation remains
high.
Against this backdrop, the MPC decided to increase the repurchase rate by 25 basis
points to 3.75% per year, with effect from the 19th of November 2021. Three members
of the Committee preferred an increase and two members preferred an unchanged
stance.
The implied policy rate path of the Quarterly Projection Model (QPM) indicates an
increase of 25 basis points in the fourth quarter of 2021 and further increases in each
quarter of 2022, 2023 and 2024. As usual, the repo rate projection from the QPM
remains a broad policy guide, changing from meeting to meeting in response to new
data and risks.
Given the expected trajectory for headline inflation and upside risks, the Committee
believes a gradual rise in the repo rate will be sufficient to keep inflation expectations
well anchored and moderate the future path of interest rates. Economic and financial
conditions are expected to remain more volatile for the foreseeable future. In this
uncertain environment, policy decisions will continue to be data dependent and
6
The (Q3) Bureau for Economic Research (BER) survey expectations have not been updated and remain at
4.2%, 4.4% and to 4.5% for the three years. Market analysts (Reuters Econometer) in November expect
inflation to be unchanged at 4.5% in 2021, and higher at 4.5% (from 4.4%) in 2022, and unchanged at 4.3% in
2023. Market-based rates are calculated from the break-even inflation rate, which is the yield differential
between conventional and inflation-linked bonds. These now sit at 5.08% for the 5-year (up by 25 bps since
the last meeting) and 6.25% on the 10-year breakeven. 15-year breakeven inflation sits at 6.54%.
7. MPC Statement 18 November 2021 Page 7
sensitive to the balance of risks to the outlook. The MPC will seek to look through
temporary price shocks and focus on second round effects.
Current repurchase rate levels reflect an accommodative policy stance through the
forecast period, keeping financial conditions supportive of credit demand as the
economy continues to recover.7 The Bank has ensured adequate liquidity in domestic
markets and will continue to closely monitor funding markets for stress. In addition,
regulatory relief provided to banks continues to support lending to households and
firms.
Better anchored expectations of future inflation should keep interest rates lower for
longer, and can be realised by achieving a prudent public debt level, increasing the
supply of energy, moderating administered price inflation and keeping wage growth in
line with productivity gains. Such steps will enhance the effectiveness of monetary
policy and its transmission to the broader economy.
Lesetja Kganyago
GOVERNOR
Monetary Committee Meetings dates for 2022:
• 27 January 2022
• 24 March 2022
• 19 May 2022
• 21 July 2022
• 22 September 2022
7
This implies a rise in the inflation-adjusted repo rate from -1.1% for 2021, 0.5% for 2022, 1.3% for 2023, and
2.0% in 2024. The real repurchase rate calculation here is based on the 1-quarter ahead inflation forecast.
8. MPC Statement 18 November 2021 Page 8
• 24 November 2022
Contact person:
Thoraya Pandy
0824168416
media@resbank.co.za