Latin America Data Response Brazil & Mexico Bi-Weekly CPI (Jan.) The small rise in Mexico’s headline inflation rate, to 7.9% y/y, in the first two weeks of January means that there is a growing risk that Banxico delivers a bit more tightening beyond the 25bp... 24th January 2023 · 2 mins read
Latin America Economics Weekly Brazil’s riots, Peru turmoil, Mexico’s USMCA win Brazil’s financial markets have recovered after an initial drop following the riots in Brasília last Sunday, but we think there are reasons for caution. This is all coming at a time when the economy... 13th January 2023 · 5 mins read
Latin America Data Response Mexico Industrial Production (Nov.) Mexico’s industrial sector stagnated in November as higher construction and utilities output offset a slump in manufacturing and mining. More timely survey indicators have continued to hold up well... 11th January 2023 · 3 mins read
Latin America Data Response Mexico Consumer Prices (Dec.) Mexico’s headline inflation rate was unchanged at 7.8% y/y in December but policymakers at the central bank will have taken comfort from the fact that core price pressures are finally easing. The... 9th January 2023 · 2 mins read
Latin America Data Response Mexico Bi-Weekly CPI (Dec.) The second consecutive fall in Mexico’s mid-month inflation, to 7.8% y/y in December, confirms that inflation is now on a downward trajectory. This will allow Banxico to draw its tightening cycle to a... 22nd December 2022 · 2 mins read
Latin America Rapid Response Mexico Interest Rate Announcement (Dec.) 15th December 2022 · 2 mins read
Latin America Chart Pack Peru engulfed in chaos Peru’s newly-inaugurated President Boluarte’s call to bring forward the next general election to 2024 has failed to pacify protesters who took to the streets following the impeachment of President... 14th December 2022 · 11 mins read
Latin America Data Response Mexico Industrial Production (Oct.) Mexico’s industrial sector posted a solid 0.4% m/m rise in output in October but the big picture is that industry has stagnated since the middle of this year. And while more timely survey indicators... 12th December 2022 · 3 mins read
Latin America Economics Weekly A failed coup d’état, inflation worries, Lula’s fiscal plans The end of Castillo’s chaotic presidency in Peru may bring some near-term relief to investors, but it won’t solve the country’s dysfunctional political system. Political gridlock is here to stay and... 9th December 2022 · 8 mins read
Latin America Data Response Mexico Consumer Prices (Nov.) Mexico’s headline inflation rate continued to drop back to 7.8% y/y in November but this was driven by weaker non-core inflation; core inflation actually strengthened further. We now expect that... 8th December 2022 · 2 mins read
Latin America Economics Weekly Banxico debate, Lula tacks back, Argentina’s struggles The further rise in core inflation in the first half of November suggests that the debate at Mexico’s central bank (Banxico) over when to end the tightening cycle is set to heat up. The risks are... 25th November 2022 · 7 mins read
Event EM Drop-In: Past peak inflation – what now for EM policymakers? 1669906800 Inflation appears to have finally peaked for emerging markets – but how quickly will price pressures now ease, and what will that mean for the 2023 outlook?
Latin America Data Response Brazil & Mexico Bi-Weekly CPI (Nov.) The further fall in Mexico’s headline inflation rate, to 8.1% y/y, in the first two weeks of November was driven by easing non-core price pressures. But core inflation picked up, which will strengthen... 24th November 2022 · 2 mins read
Latin America Economics Update Global recession adds to headwinds facing Lat Am With the global economy headed for recession and commodity prices likely to come off their recent highs, Latin American exports will struggle over the coming quarters. Weakening global growth is also... 23rd November 2022 · 3 mins read
Latin America Chart Pack Region slowing Data released over the past month or so suggest that most economies across the region fared well in Q3. GDP growth in Mexico and Colombia came in well above expectations and hard activity data from... 17th November 2022 · 12 mins read
Emerging Markets Economics Focus Higher interest rates exposing private sector debt risks Higher interest rates and larger private sector debt burdens mean that debt interest service ratios could rise to levels last seen in the 1990s in many EMs next year. This is unlikely to be a major... 17th November 2022 · 18 mins read
