The World Bank says falling inflation in Latin America and the Caribbean, has had a positive impact on interest rates in the region.
The World Bank's Chief Economist responsible for the region, William Maloney, says some territories have started to reduce interest rates.
During the pandemic, a number of countries, including the US and Jamaica, increased their policy interest rate, in a bid to stem inflation.
The move was aimed at making borrowing more expensive, thus reducing the likelihood to spend.
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