Central banks expect South American inflation to stabilise

Santiago de Chile
Central bank heads meet in Santiago de Chile

High levels of inflation in South America should "moderate" as supply shocks dissipate and exchange rates normalise, according to central bank heads in the region.

The heads met in Chile on July 2 and 3, where they noted inflation had picked up in "several" countries in the region, according to a summary published by the Central Bank of Paraguay.

Four countries are suffering from particularly high levels of inflation: Venezuela, Argentina, Uruguay and Brazil, where annual inflation climbed more

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