Latin America Economics Update AI boom fuelling Mexico’s exports The sharp rise in Mexico’s goods exports in October underscores that the country’s external sector has continued to fare well in the face of US tariffs. That has been helped by a surge in sales of... 27th November 2025 · 3 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Nov. 2025) The Mexican inflation outturn of 3.6% y/y in the first half of November, coming alongside the contraction in GDP in Q3, means Banxico will probably opt for another 25bp cut at its next meeting... 24th November 2025 · 2 mins read
Latin America Chart Pack Latin America Chart Pack (Nov. 2025) Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments. Aggregate Latin American growth slowed in Q3 and we doubt that there will be a... 20th November 2025 · 1 min read
Latin America Rapid Response Mexico Interest Rate Announcement (Nov.) Mexico’s central bank (Banxico) cut interest rates by another 25bp, to 7.25%, today but the shift in its forward guidance suggests policymakers are now more cautious about committing to further rate... 6th November 2025 · 2 mins read
Latin America Economics Update Mexico: Recession fears overdone but growth to stay weak The recent resurgence of recession fears in Mexico appears overblown to us, but there’s no doubt that the economy is struggling. While most attribute the weakness to higher tariffs, tight fiscal... 4th November 2025 · 3 mins read
Latin America Economics Weekly Investors cheer Milei’s win, Brazil’s soybeans The strong showing for Milei's LLA party in Argentina's mid-term elections last Sunday has led to a sharp improvement in sentiment and should ease pressure on the peso in the near-term. But the risk... 31st October 2025 · 7 mins read
Latin America Rapid Response Mexico GDP (Q3 Provisional) The 0.3% q/q contraction in Mexico’s GDP was driven by weakness in the services and in particular the manufacturing sector and should make Banxico consider another 25bp cut in the policy rate, to 7.25... 30th October 2025 · 2 mins read
Latin America Chart Pack Latin America Chart Pack (Oct. 2025) Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments. Latin American economies fared poorly in Q3 and we think that headwinds ranging... 28th October 2025 · 1 min read
Latin America Economics Weekly All eyes on Argentina’s election, Mexico’s weak economy Argentines head to the polls on Sunday in crucial mid-term elections that will determine the future of President Milei's stabilisation programme. A poor showing for his La Libertad Avanza party would... 24th October 2025 · 8 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Oct. 2025) The dip in Mexican inflation to 3.6% y/y in the first half of October, combined with the weakness in the economy, means that Banxico is likely to follow through on its forward guidance and deliver... 23rd October 2025 · 2 mins read
Latin America Rapid Response Brazil & Mexico CPI (Sep. 2025) The small increases in inflation in Brazil and Mexico in September are unlikely to have a material impact on the next interest rate meetings in both countries. In Brazil, while an easing cycle is... 9th October 2025 · 2 mins read
Latin America Economics Focus Will Sheinbaum turn Pemex around? President Sheinbaum’s approach to tackling the woes of state oil company Pemex are, encouragingly, more comprehensive than those of her predecessor Amlo. But it seems unlikely that the government will... 30th September 2025 · 13 mins read
Latin America Chart Pack Latin America Chart Pack (Sep. 2025) Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments. Contrary to consensus expectations for growth to stabilise, we expect growth in... 29th September 2025 · 1 min read
Latin America Rapid Response Mexico Interest Rate Announcement (Sep.) Mexico’s central bank (Banxico) delivered another 25bp interest rate cut, to 7.50%, at its meeting today and the communications were broadly unchanged, suggesting that easing will continue at the... 25th September 2025 · 2 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Sep. 2025) The small rise in Mexican inflation to 3.7% y/y in the first half of September won’t stop Banxico from delivering a clearly-signalled 25bp cut, to 7.50%, at tomorrow’s Board meeting. 24th September 2025 · 2 mins read
