Latin America Economics

Tightening cycles in the Andes to begin soon

Latin America Economics Update
Written by Capital Economics Economist

The Andean economies of Chile, Peru, and Colombia all appear to be close to raising interest rates. In this Update, we take a closer look at what has triggered central banks to begin tightening cycles in the past. The short point is that Chile’s central bank is likely to raise rates next month, while rate hikes are still a few months away in Peru and Colombia.