The Argentine peso has stabilised over the past few trading days but the collapse earlier this week has made a sovereign debt default highly likely. The good news is that contagion to the rest of the region should be limited. Meanwhile, comments from Mexico’s central bank governor after Thursday’s interest rate cut were relatively hawkish, but we don’t think this precludes more easing.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.