Latin America Economics Update Chile: solid start to Q3 could delay monetary easing Today’s IMACEC activity indicator revealed that Chile’s economy picked up pace at the start of Q3. This is unlikely to signal a turn in the economic cycle following two quarters of slowing growth, but... 5th September 2013 · 1 min read
Latin America Chart Pack Exporters beginning to benefit from weaker currencies The recent increase in manufactured exports may be the first sign that Latin American industry is beginning to feel the benefit of weaker currencies. Nominal exports grew by 2.2% y/y in July, having... 29th August 2013 · 1 min read
Latin America Economics Update Currencies back in the firing line Latin America has not been spared in the latest emerging market sell-off, with currencies and bonds tumbling over the past few weeks. However, in contrast to May’s sell-off, equity markets have so far... 21st August 2013 · 1 min read
Latin America Economics Update Brazil: how will policymakers respond to market rout? The sell-off in the Brazilian real over the past month has triggered a sharp upward revision in market expectations for interest rates over the next year. In this month’s Watch we explain why... 20th August 2013 · 1 min read
Latin America Economics Update Chilean growth settling down to slower trend Today’s GDP data confirm that Chile’s economy is cooling and is likely to settle at a slower trend pace in the coming years. Given the current resilience of domestic demand, we do not foresee a... 19th August 2013 · 1 min read
Latin America Economics Update Chilean central bank bides its time over rate move Yesterday’s central bank meeting in Chile revealed that policymakers are taking a cautious approach to changes in interest rates despite evidence of a slowing economy. We remain comfortable with our... 14th August 2013 · 1 min read
Latin America Economics Update What next for Chilean monetary policy? By all accounts this week’s interest rate decision in Chile is set to be a close call. We’re forecasting a 25bp cut to 4.75% but acknowledge that a slightly firmer tone to the recent economic data... 12th August 2013 · 1 min read
Latin America Chart Pack Rates to stay lower than the market expects Latin American central banks have taken divergent paths in 2013. Whereas Brazil started to hike interest rates in April, both Colombia and Mexico have trimmed their benchmark rates this year... 31st July 2013 · 1 min read
Latin America Economic Outlook A new era of weaker growth Latin American growth fell to its slowest rate since 2009 in the first half of this year and, while some countries are likely to see a rebound over the coming quarters, we think that for most this... 29th July 2013 · 1 min read
Latin America Economics Update Markets steady following Q2 rout Latin American financial markets have steadied in July after a sharp sell-off over the previous couple of months. We suspect that markets will stay under pressure in the near term. However, the worst... 26th July 2013 · 1 min read
Latin America Economics Update Investment plan another reason to expect Mexico rebound The poor performance of the Mexican economy so far this year has been one of the biggest disappointments in Latin America. In this Watch we explain why, in contrast to Brazil, the slowdown owes more... 16th July 2013 · 1 min read
Latin America Economics Update Chilean central bank hints at a rate cut ahead The Central Bank of Chile left its benchmark interest rate unchanged at 5.0% last night, but gave the clearest signal yet that a rate cut is on the cards in the coming months. Elsewhere, the prospect... 12th July 2013 · 1 min read
Latin America Economics Update Latin America’s commodity boom – an opportunity missed When all’s said and done, the commodity price boom of the past decade will probably go down as a wasted opportunity for the economies of Latin America. Rather than saving and investing their windfall... 9th July 2013 · 1 min read
Latin America Economics Update Chile's economy slowing, but imbalances still widening Today’s activity data provide further evidence that Chile’s economy is losing speed. Yet while the headline numbers will grab most of the attention, we are more concerned about the relentless widening... 5th July 2013 · 1 min read
Latin America Chart Pack Fed sends markets reeling Latin American bonds, equities and currencies have slumped over the past month after the US Fed signalled its intention to taper its asset purchases under QE3 later this year. But while financial... 27th June 2013 · 1 min read
Latin America Economics Update What next for Latin American currencies? The sharp falls in Latin American currencies over the past month mean that many are now below our end-year targets, which looked extremely bearish only a few months ago. But while we think the trend... 25th June 2013 · 1 min read
