Latin America Rapid Response

Chile GDP (Q4 2025)

Chile’s economy ended last year on a strong footing, with GDP rising by 0.6% q/q, but the energy price spike and fiscal tightening planned under President Kast will cause the economy to weaken in the...

18th March 2026 · 2 mins read

Latin America Rapid Response

Brazil IPCA (Feb. 2026)

Inflation in Brazil fell to 3.8% y/y in February which keeps an interest rate cut in play at next week’s meeting, despite the energy price shock. Much will depend on developments in the Middle East...

12th March 2026 · 2 mins read

Latin America Rapid Response

Mexico Consumer Prices (Feb. 2026)

The further rise in Mexican inflation to 4.0% y/y in January, combined with the surge in oil prices, pretty much rule out the chance of a 25bp cut at Banxico’s next meeting on 26th March.

9th March 2026 · 2 mins read

Latin America Rapid Response

Brazil GDP (Q4 2025)

Continued strong export growth supported Brazil’s economy in Q4 but, at 0.1% q/q, GDP growth remained tepid. Geopolitical tensions and higher global energy prices probably won’t prevent the central...

3rd March 2026 · 2 mins read

Latin America Rapid Response

Brazil IPCA-15 (Feb. 2026)

The smaller-than-expected fall in inflation in Brazil to 4.1%y/y in the first half of February shouldn’t prevent the central bank from kicking off its easing cycle next month. But it does mean that...

27th February 2026 · 2 mins read

Latin America Rapid Response

Mexico Bi-Weekly CPI (Feb. 2026)

The small rise in Mexican inflation, to 3.9% y/y, in the first half of February was driven largely by higher non-core inflation and leaves an interest rate cut at Banxico’s next meeting in March in...

24th February 2026 · 2 mins read

Latin America Rapid Response

Colombia GDP (Q4 2025)

The weak 0.1% q/q expansion in Colombia’s GDP in Q4 was driven by weaker domestic demand and is the first tentative sign that the economy’s recent period of unbalanced growth may be coming to an end...

16th February 2026 · 2 mins read

Latin America Rapid Response

Brazil IPCA (Jan. 2026)

The small pick-up in Brazilian inflation to 4.4% y/y in January was driven entirely by higher housing inflation and masks a sharp easing in underlying price pressures. This will give Copom more...

10th February 2026 · 2 mins read

Latin America Rapid Response

Mexico Consumer Prices (Jan. 2026)

The pick-up in Mexican inflation to 3.8% y/y in January was driven by a strengthening of core inflation. And while we don’t think this will prompt Banxico to end its easing cycle, it does mean that...

9th February 2026 · 2 mins read

Latin America Rapid Response

Mexico Interest Rate Announcement (Feb. 26)

Mexico’s central bank (Banxico) left interest rates unchanged at 7.00% as expected today, and its communications suggested that this marked a pause, not the end of the easing cycle. But the overall...

5th February 2026 · 2 mins read

Latin America Rapid Response

Colombia Interest Rate Announcement (Jan. 26)

Colombia’s central bank delivered a larger-than-expected 100bp interest rate hike, to 10.25%, at today’s meeting and the hiking cycle has further to run as policymakers try to get ahead of the...

30th January 2026 · 2 mins read

Latin America Rapid Response

Mexico GDP (Q4 2025 Provisional)

The stronger-than-expected Mexican Q4 GDP figure, of 0.8% q/q, adds to reasons to think that Banxico will pause the easing cycle when it meets next week. But in spite of what looks like a relatively...

30th January 2026 · 2 mins read

Latin America Rapid Response

Brazil Interest Rate Announcement (Jan. 2026)

Brazil’s central bank left interest rates on hold at 15.00% as expected but the communications struck a much more dovish tone, suggesting that the first interest rate cut will be delivered at the next...

28th January 2026 · 2 mins read

Latin America Rapid Response

Brazil IPCA-15 (Jan. 2026)

The uptick in inflation in Brazil in the first half of this month, to 4.5% y/y, will probably remove any lingering expectations for an interest rate cut at tomorrow’s Copom meeting. But under the...

27th January 2026 · 2 mins read

Latin America Rapid Response

Mexico Bi-Weekly CPI (Jan. 2026)

The small rise in Mexican inflation, to 3.8% y/y in the first half of January supports our view that Banxico will leave its policy rate unchanged at 7.00% at its next meeting in February.

22nd January 2026 · 2 mins read