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On Thursday, the central banks of Mexico and Peru announced what were respectively their 10th and 13th consecutive interest-rate increases. Forecasters don’t think either of them is done yet. In Brazil, one of the world’s first hikers back in March 2021, there’s some prospect of a halt. Still, policy makers said this week they expect to keep rates in “significantly
(Bloomberg) -- Inflation shocks are spreading pain around the world, but nowhere is it as bad as Latin America. Price surges are busting through policy makers’ targets in all the region’s major economies, with annual inflation prints this month of 6% in Chile, 6.2% in Mexico, 10.
Inflation shocks are spreading pain around the world, but nowhere is it as bad as Latin America.
Policymakers flag another big interest rate hike is likely at their final meeting of 2021