Latin America Economics Weekly Petrobras debacle, Banxico minutes, Colombia votes The news this week that Brazil’s President Bolsonaro sacked the CEO of oil giant Petrobras, José Mauro Coelho, provides a worrying sign about the direction of policymaking in the run-up to October’s... 27th May 2022 · 6 mins read
Latin America Economics Weekly Chile’s new constitution, Brazil’s improving finances Some of the doubts over Chile’s political system have eased after the Constitutional Convention completed a draft of the new charter, but political risks remain high for now, which may keep the peso... 20th May 2022 · 5 mins read
Latin America Economics Weekly Hikes, hikes, hikes The hawkish tilt by Mexico ’s central bank at its meeting yesterday, when it raised its raised its policy rate by 50bp (to 7.00%), suggests that Banxico may soon shift its tightening cycle into a... 13th May 2022 · 7 mins read
Latin America Economics Weekly Inflation alarm bells, Amlo seeks price freeze The rise in inflation to multi-decade highs across much of the region in April is clearly worrying policymakers and, this week, Mexico’s government became the latest to announce measures to cushion... 6th May 2022 · 7 mins read
Latin America Economics Weekly Petro vs. Gutiérrez This week Colombia's Liberal Party offered its backing to market-friendly Federico Gutiérrez – who currently trails left-wing Gustavo Petro in the polls – ahead of next month's presidential election... 29th April 2022 · 7 mins read
Latin America Economics Weekly Brazil’s election race heats up Brazil’s presidential election race has started to take centre stage as incumbent Jair Bolsonaro has narrowed the gap in the polls with front-runner Lula. Investors’ concerns about a shift to looser... 22nd April 2022 · 7 mins read
Latin America Economics Weekly Boric on the backfoot, Argentine inflation concerns The political fight over a fresh round of pension withdrawals in Chile underlines the Boric administration's struggle to wean the economy off accommodative policies. This will heap more pressure on... 14th April 2022 · 5 mins read
Latin America Economics Weekly Political risks: Peruvian protests & Chile’s constitution The mass protests this week in Peru, triggered by rising inflation, are likely to lead to a further shift towards looser fiscal policy and a larger political risk premium on local financial assets... 8th April 2022 · 5 mins read
Latin America Economics Weekly Central bank hikes and strikes Central banks in Chile and Colombia didn’t hike interest rates as aggressively as had been widely expected this week, but we think that high inflation will, ultimately, lead to more tightening in this... 1st April 2022 · 6 mins read
Latin America Economics Weekly Amlo unnerves, BCB outlook, new FX forecasts Yesterday’s comment by Mexican President López Obrador that Banxico would raise its policy rate by 50bp, four hours before the official decision, is not a big deal in itself. But it adds to the sense... 25th March 2022 · 7 mins read
Latin America Economics Weekly Fed tightening and the fallout for Latin America The US Fed's tightening cycle is unlikely to be a major concern for much of Latin America, although Chile's large current account deficit may become a growing vulnerability. The Fed’s move may also... 18th March 2022 · 7 mins read
Latin America Economics Weekly US-Venezuela ties, Brazil fuel price hike A meeting this week between officials from the US and Venezuelan governments could be the first step on a long road towards sanctions being lifted on the country. That would be necessary for Venezuela... 11th March 2022 · 7 mins read
Latin America Economics Weekly Surging commodity prices & Argentine subsidies The recent surge in commodity prices has given a boost to most Latin American currencies and it is generally seen as good news for the region. But not all economies will benefit. Chile's external... 4th March 2022 · 6 mins read
Latin America Economics Weekly Russia-Ukraine crisis & Latin America The main economic fallout of the Russia-Ukraine crisis on Latin America will come via higher commodity prices, with oil and grains producers set to benefit. But it will also cause inflation to trend... 25th February 2022 · 6 mins read
Latin America Economics Weekly Colombia’s growth spurt, Brazil’s rally Q4 GDP figures out this week showed that Colombia’s surprisingly strong recovery has been fuelled by rapid consumer spending growth, but this is unlikely to last as the boost from the re-opening fades... 18th February 2022 · 5 mins read
Latin America Economics Weekly Regional inflation troubles, Costa Rica votes The recent batch of January inflation data across Latin America made for grim reading and, despite the hawkish response by central banks, inflation rates will remain high until much later this year... 11th February 2022 · 6 mins read
