Brazil and Chile have anticipated such a possibility and Mexico on Friday stunned markets by opening the door to rate cuts.
The region’s policymakers were among the most aggressive in tightening policy after the global financial crisis. They may now be among the first to start easing, following in the footsteps of Denmark, Turkey and Switzerland.
The region’s policymakers were among the most aggressive in tightening policy after the global financial crisis. They may now be among the first to start easing, following in the footsteps of Denmark, Turkey and Switzerland.
