Money managers are pitting Latin American assets against each other, hunting for winners as the region’s largest economies take opposite paths in the wake of the Federal Reserve’s first interest-rate cut in four years.
Mexico’s central bank is expected to follow suitBloomberg Terminal and lower borrowing costs Thursday, and there are growing calls for a deeper cut in Colombia, which decides on rates later this month, amid subsiding inflation. Brazilian policymakers, meanwhile, kicked off a hiking cycle with a quarter-percentage point increase, and signaledBloomberg Terminal there’s more to come as inflation expectations deteriorate.
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Publish date : 2024-09-22 01:30:00
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