Some Latin American central banks pause tightening cycle

An increasing number of Latin American central banks are halting prolonged cycles of rate hikes or suggesting they might do so soon.

Inflation is stabilising or even falling in some Latin American countries, though it remains above central bank targets. Analysts say some of the region’s central banks had begun tightening monetary policy early and are now reaping the benefits.

In the last two months, Paraguay and Brazil have held policy rates at their most recent monetary policy meetings. Peru