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
That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.