RIO DE JANEIRO, March 16 (Xinhua) — The U.S. Federal Reserve’s decision to raise benchmark interest rate by a quarter of a percentage point will have limited impact on Latin American economies.
Analysts in Brazil, Mexico and Argentina agree the impact will be minimal.
The increase, from 0.75 percent to one percent, “had its impact … even before it happened,” in part because “they were already expecting it,” Alberto Pfeifer from the Institute for Higher Studies at the University of Sao Paulo (USP), told Xinhua in a recent interview.
While Brazil’s Sao Paulo…
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