On November 2, 2017, the Bank of England increased its policy interest rate from 0.25% to 0.5%. At the same time, it issued the sternest warning yet that Brexit would have a negative impact on the economy. The statement made the markets think that the economy was weaker than previously thought, or that the Bank of England might be more dovish than expected in the future. The … [Read more...] about Rethinking Inflation Targeting: What Do the UK and Latin America Have in Common?
The UK is a country of just 242 thousand square kilometers (compared to Mexico’s 1.9 mn, Argentina’s 2.7 mn and Brazil’s 8.4 mn) located about 7,000 km from Barbados and more than 7,500 km from anywhere on the mainland of Latin America (it’s just over 7,500 km from London to Simon Bolivar airport, Caracas and over 8,000 km to the Yucatan). Considering Latin America’s two … [Read more...] about BREXIT: What Does It Mean for Latin America and the Caribbean?