Latin America Economics Weekly Terms of trade boost, Copom: 25bp vs 50bp As net energy exporters, most major Latin American economies benefit on net from the renewed leg up in oil prices. As thing stand, we don't think the inflationary impact will stop Brazil's central... 13th March 2026 · 7 mins read
Latin America Economics Update LatAm: net beneficiaries from the energy price shock Major Latin American economies are seen as potential beneficiaries of higher energy prices, reflecting in large part their stronger net energy export positions. This Update summarises the key... 12th March 2026 · 4 mins read
Latin America Rapid Response Mexico Consumer Prices (Feb. 2026) The further rise in Mexican inflation to 4.0% y/y in January, combined with the surge in oil prices, pretty much rule out the chance of a 25bp cut at Banxico’s next meeting on 26th March. 9th 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
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
Global Economics Update How the new tariff backdrop affects Canada & Mexico In this Update, we answer some of the questions we have received on how the new US tariff regime (see here ) will impact Canada and Mexico. The big picture is that Canada and Mexico’s weighted-average... 25th February 2026 · 4 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Feb. 2026) The small rise in Mexican inflation, to 3.9% y/y, in the first half of February was driven largely by higher non-core inflation and leaves an interest rate cut at Banxico’s next meeting in March in... 24th February 2026 · 2 mins read
Latin America Economics Update Mexico’s war on drugs & what it means for the economy The immediate impact of the outburst of violence in Mexico following the killing of drug kingpin “El Mencho” is likely to be a hit to tourism. But the longer the unrest drags on, the bigger the risk... 23rd 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
US Economics Update A primer on the USMCA joint review We think the popularity of the trade agreement among domestic firms, the potential for backlash from an increasingly assertive Congress, and the likelihood of intervention by the Supreme Court should... 18th February 2026 · 7 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 Economics Weekly Mexico’s core inflation worries, Colombia’s imbalances The rise in Mexican core inflation last month looks worrying on the face of it, but it was driven by excise duty hikes, which Banxico is likely to look through it. A 25bp interest rate cut at the... 13th February 2026 · 5 mins read
Latin America Rapid Response Mexico Consumer Prices (Jan. 2026) The pick-up in Mexican inflation to 3.8% y/y in January was driven by a strengthening of core inflation. And while we don’t think this will prompt Banxico to end its easing cycle, it does mean that... 9th February 2026 · 2 mins read
Latin America Rapid Response Mexico Interest Rate Announcement (Feb. 26) Mexico’s central bank (Banxico) left interest rates unchanged at 7.00% as expected today, and its communications suggested that this marked a pause, not the end of the easing cycle. But the overall... 5th February 2026 · 2 mins read
Latin America Rapid Response Mexico GDP (Q4 2025 Provisional) The stronger-than-expected Mexican Q4 GDP figure, of 0.8% q/q, adds to reasons to think that Banxico will pause the easing cycle when it meets next week. But in spite of what looks like a relatively... 30th January 2026 · 2 mins read
