Publications & Research
The Visual Summary presents highlights, inclusive of a visual representation of the key points of the Monetary Policy Report for May 2025.
The global economy was plunged into uncertainty by a marked shift in trade policies by several key economies, most notably the US. The threat of the imposition of tariffs by the US on several countries during the first quarter of 2025 sparked financial market volatility.
Global growth was mixed in 2024 amid geopolitical conflicts, persistent inflationary pressures, and adverse weather events. The Latin American and the Caribbean (LAC) region, however, remained moderately positive, supported by improvements in private consumption, easing monetary policies and stronger export growth in some of the region’s economies.
Climate-change has the potential to impact an economy’s inflation dynamics. Within the last decade, climate change impacts have had related spillovers on inflation, possibly affecting the ability of monetary policy to achieve its objectives.