LatAm in Focus: Superpesos? Coldplay Dollars? Inside Latin America's Currency Markets
LatAm in Focus: Superpesos? Coldplay Dollars? Inside Latin America's Currency Markets
How have some Latin American countries kept currencies steady against the strong dollar? XP Investment’s Alberto Bernal talks with AS/COA's Randy Melzi.
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The economist talked with AS/COA Vice President Randy Melzi about how smart policies by central bankers and governments alike have helped keep currencies like the Mexican peso and the Brazilian real steady against the U.S. dollar. “There seems to be much more willingness from public officials and the population to take the pain of having higher rates instead of having to live with much higher rates of inflation,” Bernal said.
And with inflation slowing in Latin America, Bernal expressed optimism with the region’s fiscal future, especially if governments can guarantee stability and predictability with policies. He pointed Uruguay, Chile, and Brazil as examples for why to feel bullish about some countries while expressing concern for “anti-establishment, anti-market, anti-business policies” he sees elsewhere in the region.
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