A league table for central bank hawkishness

For the past couple of years, central banks around the world have been expressing their iron-clad commitments to bringing inflation under control. But have all central banks been equally avid and aggressive hawks? One way to address this question, of course, is to merely compare how much central banks have boosted interest rates since the start of the pandemic inflationary surge. As indicated by the chart below, Latin America’s major central banks were surprisingly proactive in their response to