After steep climb in rates, Latam central banks show no signs of reversal
Latin American central banks have dashed hopes that they will back off sky-high benchmark interest rates, amid stubbornly high inflation, expected further tightening by the U.S Federal Reserve, and political risks in some cases.
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### Instruction: After steep climb in rates, Latam central banks show no signs of reversal

### Response: Latin American central banks have dashed hopes that they will back off sky-high benchmark interest rates, amid stubbornly high inflation, expected further tightening by the U.S Federal Reserve, and political risks in some cases.