Central Bank president cherishes inflation at 14%-16% in 2013
During his presentation at the National Assembly Finance Committee, Nelson Merentes, the president of the Central Bank of Venezuela (BCV), said that a 6% growth by 2013 is attainable
Giordani reiterated that the budged was premised on prudence. "We must get ready for any event of the world economy," he advised.
For his part, Nelson Merentes, the president of the Central Bank of Venezuela (BCV), said that the goals of inflation in 2013 at 14%-16%, and 6% growth "are possible."
He added that annualized inflation this current year at 17.9% is far below the budgeted inflation at 20%-22%.
"There is an upward trend," he commented with regard to the economic outcome in the third quarter of 2012.
With reporting by Mayela Armas
At least 30 years had passed since his last visit to Caracas. He had little time to become an expert on moving about in such a complicated metropolis. Whether it was hopping on the subway, finding directions, playing waiting games at public agencies, eating whatever he could and sleeping wherever he could, Guerrero senior had been wandering the streets for 60 days, and thanks to "the boys" he found some sort of relief by way of helping hands.