Higher rates contributed to recovery in Latin America – IDB economist
Less hawkish policies can fail to generate growth but push up inflation, research finds
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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