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Central Bank Says Subsidy Cuts Will Boost Inflation but Are Crucial for Ecuador’s Economy

Published on June 10, 2024
Facebook Twitter Google+ LinkedIn The increase in VAT and the elimination of gasoline subsidies would raise annual inflation to 3.5% to 4% in 2024. The initial forecast was 2.1%. The manager of the Central Bank of Ecuador (BCE), Guillermo Avellán, announced that the first disbursement of the credit obtained with the International Monetary Fund (IMF) […]

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