Latin America Rapid Response Mexico Interest Rate Announcement (May 2026) Mexico’s central bank (Banxico) made clear in its communications today that its 25bp interest rate cut, to 6.50%, marks the last in the cycle. We think this is now likely to be followed by a prolonged... 7th May 2026 · 2 mins read
Latin America Rapid Response Mexico Consumer Prices (Apr. 2026) The small fall in Mexican inflation (both headline and core) last month, taken together with the decline in GDP in Q1, gives policymakers at the central bank room to deliver one final 25bp rate cut in... 7th May 2026 · 2 mins read
Latin America Rapid Response Mexico GDP (Q1 2026 Provisional) The larger-than-expected 0.8% q/q contraction in Mexico’s GDP was driven by broad-based weakness across all main sectors and strengthens the case for a 25bp cut at Banxico’s meeting next week. 30th April 2026 · 2 mins read
Latin America Rapid Response Brazil Interest Rate Announcement (Apr. 2026) The decision by Brazil’s central bank to cut interest rates by another 25bp today, to 14.50%, was accompanied by a large upward revision to its inflation forecast but no suggestion in the... 29th April 2026 · 2 mins read
Latin America Rapid Response Brazil IPCA-15 (Apr. 2026) The jump in inflation in Brazil to 4.4% y/y in the first half of April shouldn’t prevent Copom from cutting its policy rate by another 25bp, to 14.50%, at tomorrow’s meeting. 28th April 2026 · 2 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Apr. 2026) The small fall in Mexican inflation, to 4.5% y/y, in the first half of April was driven by easing underlying price pressures and will be welcomed by the central bank. That’s increased the likelihood... 23rd April 2026 · 2 mins read
Latin America Rapid Response Brazil IPCA (Mar. 2026) The rise in Brazilian inflation, to 4.1% y/y in March, was driven almost entirely by the energy shock feeding through to transport inflation; underlying price pressures eased last month. If the fall... 10th April 2026 · 2 mins read
Latin America Rapid Response Mexico Consumer Prices (Mar. 2026) The sharp rise in Mexican inflation to 4.6% y/y in March took inflation further above Banxico’s target and means that interest rates are likely to be left unchanged at 6.75% at next month’s meeting... 9th April 2026 · 2 mins read
Latin America Rapid Response Colombia Interest Rate Announcement (Mar. 2026) Colombia’s central bank raised its policy rate by another 100bp, to 11.25%, at its meeting today and with the inflation outlook set to deteriorate further over the coming months, we think additional... 31st March 2026 · 2 mins read
Latin America Rapid Response Mexico Interest Rate Announcement (Mar. 2026) Mexico’s central bank (Banxico) delivered a dovish surprise today as it lowered its policy rate by 25bp, to 6.75%, and signalled that it would consider cutting interest rates again. While this could... 26th March 2026 · 2 mins read
Latin America Rapid Response Brazil IPCA-15 (Mar. 2026) The fall in inflation in Brazil to 3.9% y/y in the first half of March is likely to be temporary amid the rise in global energy prices, but we think it would take a much larger energy shock to derail... 26th March 2026 · 2 mins read
Latin America Rapid Response Brazil Interest Rate Announcement (Mar. 2026) The scale of further interest rate cuts in Brazil – following Copom’s 25bp cut (to 14.75%) to start the easing cycle today – will hinge on the duration and intensity of the energy shock. But the sheer... 18th March 2026 · 2 mins read
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
