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
Latin America Rapid Response Brazil Interest Rate Announcement & US Tariffs (Jul. 2025) Brazil’s central bank left interest rates on hold at 15.00% as expected today, but the decision was overshadowed by President Trump’s Executive Order earlier today raising tariffs to 50% on imports... 30th July 2025 · 2 mins read
