Intensifying anti-austerity protests in Ecuador have threatened the government’s reform agenda and caused bond spreads to widen this week. But even if the government does water down its fiscal plans, we think it’s most likely that spreads will narrow before too long. Elsewhere, soft inflation figures out of Brazil and Mexico this week support our view that another 50bp of rate cuts are likely in each country by the end of the year.
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