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Latin America should conclude the cycle of high interest rates still this year, says XP

The global effort by central banks to control skyrocketing inflation has led to an unprecedented increase in interest rates around the world, which is likely to cause a sharp slowdown in economic activity.

In Latin America, inflation continues in an upward trend and with continuous surprises, which has made different institutions revise their projections upwards. That is the case of XP, which sees a pressured inflation and no signs of relief in the region.

In a report released on Monday, September 19, exclusively to Bloomberg Linea, XP highlighted that inflation in major Latin American countries continued on an upward trend . . .

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