Latin American Economy & Business - November 2015 (ISSN 1741-7430)

Peru did it on 10 September. Chile did it on 15 October. Colombia did it for a second month running on 30 October. Neither Mexico nor Brazil have done it – not yet, anyway. Most analysts now expect the US Federal Reserve to do it in December. Are Central Banks across the region all hiking their benchmark interest rates and ushering in a new era of tighter monetary policy?