... their monetary policy frameworks, using the policy interest rate as the main tool to calibrate the stance of monetary policy. In doing so, central bankers face the difficult task of determining ... Neutral Nominal Interest Rate Neutral Real Interest RateBrazil [-0 .5, -1 .5] 2.0 [8.0-10.0] [3 .5- 5 .5] Chile [-1.6,0.3] 1 .5 [3.3, 5. 3] [0.3, 2.3]Colombia [-1.2,0.8] 1.7 [5. 5,7 .5] [2 .5, 4 .5] Mexico ... was interpolated by obtaining the 12-month ahead inflation projection of the corresponding year.For the period prior to the publication of an official inflation target the average yearly inflation...