Latin America Rapid Response

Brazil IPCA-15 (Oct. 25)

The small fall in inflation in Brazil, to 4.9% y/y in mid-October, is unlikely to materially change the central bank’s hawkish tone. The start of an easing cycle is approaching, but it’s likely to be...

24th October 2025 · 2 mins read

Latin America Rapid Response

Mexico Bi-Weekly CPI (Oct. 2025)

The dip in Mexican inflation to 3.6% y/y in the first half of October, combined with the weakness in the economy, means that Banxico is likely to follow through on its forward guidance and deliver...

23rd October 2025 · 2 mins read

Latin America Rapid Response

Brazil & Mexico CPI (Sep. 2025)

The small increases in inflation in Brazil and Mexico in September are unlikely to have a material impact on the next interest rate meetings in both countries. In Brazil, while an easing cycle is...

9th October 2025 · 2 mins read

Latin America Rapid Response

Mexico Interest Rate Announcement (Sep.)

Mexico’s central bank (Banxico) delivered another 25bp interest rate cut, to 7.50%, at its meeting today and the communications were broadly unchanged, suggesting that easing will continue at the...

25th September 2025 · 2 mins read

Latin America Rapid Response

Mexico Bi-Weekly CPI (Sep. 2025)

The small rise in Mexican inflation to 3.7% y/y in the first half of September won’t stop Banxico from delivering a clearly-signalled 25bp cut, to 7.50%, at tomorrow’s Board meeting.

24th September 2025 · 2 mins read

Latin America Rapid Response

Brazil Interest Rate Announcement (Sep. 2025)

The Brazilian central bank’s statement accompanying the decision to leave the Selic rate unchanged at 15.00% remained hawkish – but a little less so than at the last meeting in July. And with growth...

17th September 2025 · 2 mins read

Latin America Rapid Response

Brazil IPCA (Aug. 2025)

The small fall in inflation in Brazil, to 5.1% y/y in August, is unlikely to change the central bank’s tone at its meeting next week. Interest rates will remain on hold at 15.00%. But with inflation...

10th September 2025 · 2 mins read

Latin America Rapid Response

Mexico Consumer Prices (Aug. 2025)

The small rise in Mexican inflation to 3.6% y/y in August still leaves the headline rate within Banxico’s target range and means that policymakers are likely to deliver another 25bp cut, to 7.50%, at...

9th September 2025 · 2 mins read

Latin America Rapid Response

Chile Consumer Prices (Aug. 2025)

The larger-than-expected fall in Chilean inflation, to 4.0% y/y, increases the chance that the central bank delivers a 25bp interest rate cut at tomorrow’s meeting. That said, with inflation still...

8th September 2025 · 2 mins read

Latin America Rapid Response

Brazil GDP (Q2 2025)

The slowdown in Brazil’s GDP growth to 0.4% q/q in Q2 was driven in large part by a softening in domestic demand, which is likely to continue over the coming quarters. And with the inflation outlook...

2nd September 2025 · 2 mins read

Latin America Rapid Response

Chile GDP (Q2 2025)

The Chilean economy isn’t as weak as the slowdown in GDP growth to 0.4% q/q would suggest; there was a large drag from net trade while domestic demand remained very strong. This, alongside the...

18th August 2025 · 2 mins read

Latin America Rapid Response

Colombia GDP (Q2 2025)

The weaker-than-expected 0.5% q/q expansion in Colombia’s economy is unlikely to change the central bank’s thinking and we remain comfortable with our above-consensus interest rate forecast.

15th August 2025 · 2 mins read

Latin America Rapid Response

Brazil IPCA (July 2025)

The fall in Brazilian inflation, to 5.2% y/y in July, won’t change the outcome of the central bank’s next meeting in September, where interest rates will be left unchanged. But it lends support to our...

12th August 2025 · 2 mins read

Latin America Rapid Response

Mexico Interest Rate Announcement (Aug.)

Mexico’s central bank (Banxico) lowered its policy rate by a smaller 25bp, to 7.75%, as expected at today’s meeting and the accompanying communications suggest that cuts are likely to continue in...

7th August 2025 · 2 mins read

Latin America Rapid Response

Mexico Consumer Prices (Jul. 2025)

The drop in Mexican inflation to 3.5% y/y in July paves the way for Banxico to deliver the clearly-signalled 25bp cut, to 7.75%, at its meeting later today.

7th August 2025 · 2 mins read