The maintaining of the rate reflects that there is not a dangerous core inflation pressure, while the advance in total inflation is due to international price increases in fuel and not due to strong (domestic) demand.
More Quotes from Joseph Ramos:
The figures reflect good growth and bode well for 2006 for two reasons international prices (for commodities) are very solid, as well as domestic demand, especially investment which means there will be a bigger rise in productive capacity and sales.Joseph Ramos
Women represent change in a region where politicians are viewed with suspicion.
Joseph Ramos
What's pushing these figures is domestic demand, with a major contribution from investment, which means productive capacity should continue growing in the coming quarters.
Joseph Ramos
The central bank took a pause and it has room for three or four more hikes the rest of the year.
Joseph Ramos
The coalition no longer needs to negotiate with the opposition, which can be a source of danger. Differences are sure to emerge within this coalition.
Joseph Ramos
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