The U.S. Federal Reserve, like many other central banks, sees inflation from the reopening of economies disrupted by the pandemic to be “transitory,” and it’s not expected to raise interest rates until at least next year. Latin America’s policy makers, by contrast, are rushing to reverse ultra-low borrowing costs. Since late June, central banks in Mexico, Peru, Colombia, Chile, Uruguay and even Paraguay followed the early move by Brazil and increased rates. Latin America was perhaps hit harder t
— Read on www.bloomberg.com/news/articles/2021-08-20/why-inflation-is-scaring-latin-america-if-not-the-fed-quicktake
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