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 Economics Weekly What the war in Iran means for Latin America Most major Latin American economies will see a terms-of-trade boost from the surge in energy prices due to the war in Iran. Most of the windfall will be saved, providing relief to fragile public... 6th March 2026 · 5 mins read
Event LatAm Drop-In: Iran conflict and the implications for Latin America 11th March 2026, 3:00PM GMT How will the surge in energy prices affect Latin American economies – and how might the region’s central banks respond?
Latin America Rapid Response Brazil GDP (Q4 2025) Continued strong export growth supported Brazil’s economy in Q4 but, at 0.1% q/q, GDP growth remained tepid. Geopolitical tensions and higher global energy prices probably won’t prevent the central... 3rd March 2026 · 2 mins read
Latin America Economics Weekly New tariffs, Mexico’s World Cup fears, Brazil GDP Brazil has seen one of the largest falls in the tariff rate applied by the US after the Supreme Court over-turned IEEPA tariffs, but it's to unlikely to have a major impact on exports. For Mexico... 27th February 2026 · 5 mins read
Latin America Rapid Response Brazil IPCA-15 (Feb. 2026) The smaller-than-expected fall in inflation in Brazil to 4.1%y/y in the first half of February shouldn’t prevent the central bank from kicking off its easing cycle next month. But it does mean that... 27th February 2026 · 2 mins read
Emerging Markets Economics Update EM budget deficits on diverging paths Fiscal tightening has helped to narrow budget deficits markedly in a number of EMs, notably Argentina, South Africa and Turkey. But elsewhere adjustment has been limited – particularly in Brazil. And... 25th February 2026 · 3 mins read
Latin America Economics Update Elevated metals prices to support Andes’ terms of trade We think metals prices will fall back from current high levels, which will weigh on Latin American currencies. But prices will remain high by historical standards, which should keep external positions... 25th February 2026 · 4 mins read
Global Economics Update Questions & answers on the new US tariff regime The imposition of a 10% Section 122 tariff on all countries leaves the weighted-average US tariff rate about 3.5%-points lower than was the case under the IEEPA framework, although the difference will... 23rd February 2026 (Updated 24th February 2026) · 8 mins read
Latin America Economics Weekly Peru ousts another president, Colombia rebalancing? The ousting of Peru's President Jerí this week will have limited immediate economic implications given that Peru's balance sheet is strong. But political instability - which is unlikely to go away... 20th February 2026 · 5 mins read
Latin America Economics Focus Brazil’s pension problem rears its head again There’s a growing acknowledgement that Brazil’s 2019 pension reform didn’t go far enough to ease fiscal pressures from the social security system. Indeed, Brazil is likely to see one of the largest... 19th February 2026 · 13 mins read
Latin America Chart Pack Latin America Chart Pack (Feb. 2026) Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments. Despite a modest acceleration last quarter, aggregate Latin America growth was... 18th February 2026 · 1 min read
Latin America Rapid Response Brazil IPCA (Jan. 2026) The small pick-up in Brazilian inflation to 4.4% y/y in January was driven entirely by higher housing inflation and masks a sharp easing in underlying price pressures. This will give Copom more... 10th February 2026 · 2 mins read
Latin America Economics Weekly China-Panama rupture, precious metals & Lat Am The Panamanian Supreme Court’s decision to annul the licences that allowed a Hong Kong based firm to operate in the Panama Canal has been met with a backlash from China. While it’s not clear if China... 6th February 2026 · 5 mins read
Latin America Economics Focus Will Lula go on a pre-election spending spree? The balance of probabilities is tilted towards Brazil avoiding major additional pre-election fiscal loosening (and the resulting backlash in financial markets). As a result, we think the Selic rate... 4th February 2026 · 14 mins read
Latin America Economics Weekly Currency boost, rate meetings, Costa Rica votes Latin American economies stand out as potential beneficiaries of the fall in the dollar this week. A the margin, it will help to bring down inflation and may make central banks more confident about... 30th January 2026 · 6 mins read
