Private capital flows to Latin America remain strong despite increased global risk aversion
and concerns about domestic strains. Inflation and overheating risks have declined, but with
continued rapid credit growth and inflation above the midpoint of the target band in many
economies in the region, the priority remains to rebuild macroeconomic policy space and
build on progress in macroprudential regulation and supervision unless downside risks
materialize.

http://www.imf.org/external/pubs/ft/weo ... ig2_11.pdf