Analysis: Latam central banks look past COVID as inflation phantoms loom By Reuters – Investing.com

Analysis: Latam central banks look past COVID as inflation phantoms loom By Reuters – Investing.com

By Abraham Gonzalez and Rodrigo Campos

MEXICO CITY/NEW YORK (Reuters) - Latin America's central banks have become more hawkish as the region's inflationary ghosts rattle their chains, with a recent pivot by the U.S. Federal Reserve further boosting market expectations of tighter monetary policies.

In the past three weeks, the central banks of Brazil and Mexico, the region's two largest economies, raised their benchmark interest rates, widely telegraphed in the first case but shocking markets in the second.