March 18, 2022 |
Russia's war on Ukraine is putting more pressure on already high inflation in Latin America, threatening to push up interest rates and raise the cost of funding in most markets in the region, analysts from Moody's said at an online event on Thursday.
"There is a big impact on the world" from the conflict, Gabriel Torres, a senior credit officer at the ratings agency, said during the webinar.
Indeed, Moody's has reduced this year’s GDP growth forecast for G20 countries — which include Argentina,
Russia's war on Ukraine pushes up inflation and applies pressure to interest rates, according to Moody's