Latin American Central Bank Action and High Interest Rates

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Latin American central banks took swift action against inflation in 2021, raising interest rates more quickly than the Fed. Now, with inflation under control, asset managers can profit by investing in the high-interest-rate bonds of countries like Brazil, where interest rates are 13.75% and inflation is below 4%.

The US and Germany are among the western allies falling behind in delivering promised heavy weapons to Ukraine, and big asset managers are flocking to Latin American bonds and currencies. Plus, the FT’s Africa editor David Pilling introduces us to some conservationists working to protect elephants from poachers in the Congo River Basin.

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Latin America’s bonds and currencies lure yield-hungry investors

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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