Central Bank Ranking: Close Calls
Mexico edges out Brazil and Chile for this year’s prize among the region’s central banks. The trio is not without criticism in what has been a tricky 12 months.
by Ben Miller
Renewed troubles in the developed economies present fresh
challenges for Latin Americas largest economies, even as
they came away with praise for handling the 2008-2009 credit
crisis. Managing renewed growth is tricky, especially when it
is dependent on heavy stimulus measures enacted during
For the second year,
LatinFinance has polled economists, analysts and other
LatAm-focused experts to find out which central bank has done
the best job in the last 12 months. The results are not
unanimous. There are strong cases to be made for and against
the three clear favorites: Brazil, Mexico and Chile.
Differentiating between this top tier is not easy. The crisis
has tested the mettle of central banks globally, and they now
face the supreme challenge of timing stimulus withdrawal. Too
fast, and G7 central bankers risk a double dip. Too slow and
inflation rears up.
Latin Americas central bankers...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.