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Article: Venezuela Commercial Banking Report Q1 2009.
- Article from:
- M2 Presswire
- Article date:
- May 27, 2009
CopyrightCOPYRIGHT 2009 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-27 May 2009-www.companiesandmarkets.com: Venezuela Commercial Banking Report Q1 2009(C)1994-2009 M2 COMMUNICATIONS
RDATE:27052009
-www.companiesandmarkets.com adds new report: Venezuela Commercial Banking Report Q1 2009
The announcement on January 16 by President Hugo ChA vez that the government may tap US$12bn of international reserves (the total stock of which currently stands at US$42.0bn) to finance social spending supports our view that the country's inflation rate is heading higher in 2009. We previously argued (see 'Inflation Reprieve Will Be Short-Lived', November 10) that despite the deflationary collapse in domestic ...