Skip to main content

Argentina’s Messi of finances, job markets, Banxico to cut?

The confirmation that Luis Caputo will be Argentina’s next economy minister reinforces our view that, while President-elect Javier Milei is likely to put the economy through shock therapy, it will be stripped of some of its more radical elements, especially dollarisation. Elsewhere, this week's data suggest that labour markets in many parts of the region are cooling, which should allow Colombia’s central bank to start an easing cycle and Brazil’s and Chile’s to continue cutting rates. Mexico is the key outlier – its labour market continues to tighten. But policymakers’ comments this week suggest there is a growing consensus that there will be scope for rate cuts in early 2024.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access