Latin America Weekly: Financial lifeline for Pemex, busy week for central banks

In a busy week for central banks, we expect policymakers in Chile and Colombia to resume their easing cycle and Copom to leave its policy rate unchanged. But the overarching picture in Latin America is that, Colombia aside, central banks are likely to surprise on the dovish side over the next 18 months or so. Elsewhere, the lifeline that Mexico’s government has thrown to Pemex offers the heavily indebted company some near-term relief, but it doesn't address the crux of Pemex's financial problems.