Reported 16 days ago
Inflation rates in Brazil and Chile have soared beyond central bank tolerances, primarily driven by rising energy costs. Brazil's consumer prices increased by 4.76% in October, while Chile saw a 4.7% annual inflation, marking significant concerns for policymakers. Both nations are expected to tighten monetary policy in response, with Brazil's central bank recently doubling its interest rate hike pace due to persistent inflation and economic pressures from drought and public spending.
Source: YAHOO