ILF - Central Banks In Latin America's Largest Economies Grapple With Raging Inflation
- The Central Bank of Brazil has embarked on a series of shock-and-awe rate hikes in order to not fall further behind.
- Following its last meeting, Banxico said again that it expected inflation to be transitory, carefully echoing the Fed’s Powell. Due to the magnitude of price shocks, and their spread across the economy, Banxico said it deemed it necessary to raise its policy rate.
- The Fed has made a verbal U-Turn, but is still running the money-printer nearly full blast and is still repressing its policy rates to near 0%.
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Central Banks In Latin America's Largest Economies Grapple With Raging Inflation