Higher rates contributed to recovery in Latin America – IDB economist

Map of Latin America

The tighter monetary policy implemented by major Latin American central banks to tackle inflation over the past five years has facilitated a region-wide recovery, an economist at the Inter-American Development Bank (IDB) says.

Major Latin American economies have registered periods of above-target inflation since 2012. Recessions, capital outflows or currency devaluations against the US dollar have afflicted Argentina, Brazil and Mexico. But now the International Monetary Fund forecasts GDP

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