AWARD CENTRAL BANK GOVENOR: Critical clarity

AWARD CENTRAL BANK GOVENOR: Critical clarity

Corporate & Sovereign Strategy

Even set against Latin America’s turbulent economic history, 2015 is unlikely to be a year to savor. Economic growth across the continent is expected to post a six-year low, inflation is at its highest since 2003, currencies have slumped sharply and speculation over tighter US monetary policy threatens financial stability. Central bankers have their work cut out.While the 9% average inflation that the International Monetary Fund is forecasting for 2015 is skewed by rates circling 100% in Venezuela and 20% in Argentina, inflation remains a problem for the rest of the region. The cost of living rose above the mid-point of central bank targets in most major economies.This trend is especially tr

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