Latin America Data Response Chile Consumer Prices (Mar.) The larger-than-expected decline in Chilean inflation, from 2.0% y/y in February to 1.8% y/y in March, is unlikely to convince the central bank to restart its easing cycle. We expect inflation to rise... 6th April 2018 · 1 min read
Latin America Economics Update Colombia still open to rate cuts, Chile on hold for now Colombia’s central bank left its policy rate unchanged at 4.50% last night, but the accompanying statement left the door open for further easing in the near term. Meanwhile, Chile’s central bank kept... 21st March 2018 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q4) The stronger-than-expected increase in Chilean GDP growth in Q4 was driven by a pick-up in domestic demand, and we expect the recovery to continue over the next year or so. Today’s data support our... 19th March 2018 · 1 min read
Latin America Economics Focus What next for the Andes? We expect recoveries in Colombia, Chile and Peru to continue over the coming years as investment strengthens and consumer spending picks up. There are downside risks to the outlook – namely large... 8th March 2018 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Jan.) The weaker-than-expected increase in Brazilian consumer prices last month, of 2.9% y/y, unchanged from December, reinforces our view that the rise in inflation over the course of this year will be... 8th February 2018 · 1 min read
Latin America Economics Update World Bank not to blame for Chile’s investment collapse The admission by World Bank Chief Economist Paul Romer that the drop in Chile’s ranking in its annual Doing Business survey in recent years is due almost entirely to changes in how the survey is... 15th January 2018 · 1 min read
Latin America Data Response Chile Consumer Prices (Dec.) The rise in Chilean inflation in the final month of 2017, to 2.3% y/y, was driven largely by an increase in food inflation – core inflation rose only marginally and remained below the central bank’s... 8th January 2018 · 1 min read
Latin America Economics Update Piñera prevails but reform agenda will meet resistance Sebastián Piñera won the second round of Chile’s presidential election, but difficulties in Congress may make it hard to implement parts of his market-friendly reform agenda, including cuts to the... 18th December 2017 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Sep.) September’s data confirm that the sharp drop in inflation in Brazil is bottoming out. This supports the view that Copom is likely to slow the pace of easing at this month’s policy meeting. 6th October 2017 · 1 min read
Latin America Economics Update Rally in Lat Am markets cools, but strong Q3 overall Latin America’s financial markets have come under a bit of pressure over the past week or so but the bigger picture is that they have had a strong Q3 overall, comfortably outperforming markets in... 28th September 2017 · 1 min read
Latin America Chart Pack Recovery in Latin America steps up a gear The past month has brought further evidence that the recovery in Latin America is picking up pace. Our GDP Tracker suggests that regional growth is now running at a three-year high of 3% y/y. The... 27th September 2017 · 1 min read
Latin America Economics Update Peru cuts interest rates, but political turmoil set to rattle markets Peru’s central bank cut its policy interest rate by 25bp last night, to 3.50%, and confirmed our view that rates are unlikely to fall further. What’s more, the surprise decision by Congress to dismiss... 15th September 2017 · 1 min read
Latin America Data Response Chile Consumer Prices (Aug.) Chilean inflation rose in August and, with the central bank continuing to talk down the possibility of further policy easing, we expect the benchmark interest rate to be left unchanged at 2.50% at... 8th September 2017 · 1 min read
Latin America Data Response Brazil Industrial Production & Chile IMACEC (Jul.) The 0.8% m/m rise in Brazilian industrial production in July suggests that, after softening in Q2, the economy got off to a decent start in Q3. Meanwhile, economic activity data for Chile add to the... 5th September 2017 · 1 min read
Latin America Chart Pack Brazil’s political crisis puts back pension reform The past month has brought some signs that the continuing political crisis in Brazil is starting to weigh on the more ambitious elements of the government’s reform programme. While President Temer’s... 30th August 2017 · 1 min read
Latin America Economic Outlook Recovery to strengthen over coming year After a torrid couple of years, the economies of Latin America have turned a corner and we expect growth to strengthen over the rest of 2017 and into 2018. Inflation has fallen in most countries and... 23rd August 2017 · 1 min read
