BASE SCENARIO September 2022

Base Scenario  Reports

 

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BASE SCENARIO September 2022

Inflationary pressures continue in the world. In the United States, the FED raised rates again as expected, but the surprise is that two more hikes are projected for the remainder of the year. With this change in expectations, growth and unemployment estimates were also revised downwards. Given the slowdown in its economy, China continues with the rate reduction policy, negatively impacting the yuan and therefore our gross reserves due to the swap with the Chinese Central Bank.