Latin American central banks continue to raise interest rates, the spillover effect of the Fed's monetary policy] On September 29, local time, Mexico's central bank raised its benchmark interest rate by 75 basis points to 9.25%. On the same day, Colombia raised the benchmark interest rate by 100 basis points to 10%. Previously, Brazil's central bank announced on September 21 to maintain the benchmark interest rate at 13.75%, Argentina's central bank on September 15 to raise the benchmark interest rate by 550 basis points to 75%, Peru's central bank on September 8 to raise the benchmark interest rate by 25 basis points to 6.75%, and Chile's central bank on September 6 to raise the benchmark interest rate by 100 basis points to 10.75%.