Latin America Rapid Response Mexico & Brazil Consumer Prices (Sep. 2024) The rise in Brazil’s headline inflation rate to 4.4% y/y in September was mainly due to drought-related effects on food and electricity prices but, even so, it will reinforce the hawkishness of Copom... 9th October 2024 · 2 mins read
Latin America Rapid Response Mexico Interest Rate Announcement (Sep.) 26th September 2024 · 2 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Sep. 2024) The larger-than-expected fall in Mexican inflation in the first half of September, to 4.7% y/y, supports our view that Banxico will continue its easing cycle with another 25bp cut on Thursday. 24th September 2024 · 2 mins read
Latin America Rapid Response Brazil Interest Rate Announcement (Sep. 2024) 18th September 2024 · 2 mins read
Latin America Rapid Response Brazil IPCA (Aug. 2024) Brazil’s headline inflation dropped back to 4.2% y/y in August, but there was yet another increase in underlying services inflation which sets the stage for an interest rate hike at next week’s policy... 10th September 2024 · 2 mins read
Latin America Rapid Response Mexico Consumer Prices (Aug. 2024) The larger-than-expected fall in Mexico’s headline inflation rate, to 5.0% y/y in August, alongside the likelihood of a Fed rate cut next week, mean that Banxico is on track to lower its policy rate... 9th September 2024 · 2 mins read
Latin America Rapid Response Brazil GDP (Q2 2024) The much stronger-than-expected Brazilian GDP figure for Q2, of 1.4% q/q, means that the economy now appears to be on course to expand by 3% over the year as a whole. The flip side is that it will... 3rd September 2024 · 2 mins read
Latin America Rapid Response Brazil IPCA-15 (Aug. 2024) The small fall in Brazil’s headline inflation rate, to 4.35% y/y in the first half of August, alongside the prospects of a Fed rate cut next month, means that Copom is most likely to leave rates... 27th August 2024 · 2 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Aug. 2024) The fall in Mexican inflation in the first half of August, to 5.2% y/y, alongside clear signals from the Fed that it will start loosening monetary policy next month, supports our view that Banxico... 22nd August 2024 · 2 mins read
Latin America Rapid Response Chile GDP (Q2 2024) The 0.6% q/q fall in Chilean GDP in Q2 is mainly payback for a strong Q1, and we expect a return to positive growth in Q3. Still, the Q2 figures should the central bank confidence to deliver a couple... 19th August 2024 · 2 mins read
Latin America Rapid Response Colombia GDP (Q2 2024) The Colombian economy isn’t nearly as weak as the meagre 0.1% q/q rise in headline GDP in Q2 would suggest; there was a large drag from net trade while domestic demand remained very strong. The strong... 15th August 2024 · 2 mins read
Latin America Rapid Response Brazil IPCA (Jul. 2024) The rise in Brazil’s headline inflation rate to 4.5% y/y in July was mainly driven by a pick-up in underlying core services inflation which will do little to quell the hawkishness of Copom. But, with... 9th August 2024 · 2 mins read
Latin America Rapid Response Mexico Interest Rate Announcement (Aug.) Mexico’s central bank opted to reduce its policy rate by 25bp, to 10.75%, at today’s meeting and the statement generally retained the moderately dovish tone from the last one. We think further rate... 8th August 2024 · 2 mins read
Latin America Rapid Response Mexico Consumer Prices (Jul. 2024) The rise in Mexico’s headline inflation rate, to 5.6% y/y in July, alongside the weakness in the peso means that Banxico’s interest rate decision later today will be a very close call between a cut... 8th August 2024 · 2 mins read
Latin America Rapid Response Brazil Interest Rate Announcement (Jul. 2024) Rising inflation, a worsening fiscal position and a slump in the real prompted Brazil’s central bank to leave the Selic rate at 10.50% today and strike a more hawkish tone in the accompanying... 31st July 2024 · 2 mins read