Latin America Data Response Mexico Bi-Weekly CPI (Sep.) The stronger-than-expected Mexican inflation figure of 8.8% y/y in the first two weeks of September, coming alongside the hawkish Fed decision yesterday, means that we now think Banxico will raise... 22nd September 2022 · 2 mins read
Latin America Economics Update Mexico: weak growth & lower oil prices pose fiscal risk Mexico’s 2023 budget proposal suggests that officials intend to stick to their tight policy stance, but the public finances are likely to deteriorate if (as we expect) oil prices fall back and the... 15th September 2022 · 2 mins read
Latin America Economics Weekly Chile goes back to the drawing board The surprisingly strong rejection of Chile’s proposed new constitution has eased concerns about a radical shake up of the country’s economic model. But the constitutional process is set to continue... 9th September 2022 · 5 mins read
Latin America Data Response Mexico Industrial Production (Jul.) Mexico’s industrial sector posted disappointing growth of 0.4% m/m in July as stronger automobile output was partially offset by weakness elsewhere. More timely indicators suggest that, the auto... 9th September 2022 · 2 mins read
Latin America Data Response Mexico Consumer Prices (Aug.) The further rise in Mexico’s headline inflation rate to 8.7% y/y in August will strengthen the case for Banxico to deliver a third consecutive 75bp increase to interest rates later this month. But... 8th September 2022 · 3 mins read
Latin America Data Response Mexico Bi-Weekly CPI (Aug.) The stronger-than-expected rise in Mexico’s headline inflation rate to 8.6% y/y in the first two weeks of August raises the risk that Banxico pushes through another 75bp interest rate hike at next... 24th August 2022 · 2 mins read
Latin America Economics Update Mexico and the impact of US economic weakness Weakness in the US economy over the coming quarters is likely to result in softer (rather than a collapse in) demand for Mexico’s goods exports as supply constraints fade, but the recovery in the... 22nd August 2022 · 4 mins read
Latin America Economics Weekly Colombia’s tax reform, inflation problems persist The new tax bill unveiled by Colombia’s government, which aims to raise tax revenues to fund the government’s social programmes and “consolidate the fiscal adjustment” doesn’t change our view that the... 12th August 2022 · 6 mins read
Latin America Economics Update Banxico to take its foot off the brakes Mexico’s central bank (Banxico) hiked interest rates by 75bp, to 8.50%, for a second consecutive meeting yesterday but, amid mounting evidence that the economy is struggling and with inflation close... 12th August 2022 · 3 mins read
Latin America Data Response Mexico Industrial Production (Jun.) Mexico’s industrial sector posted sluggish growth of just 0.1% m/m in June and the data suggest that the first estimate of Q2 GDP growth may be revised down. The backdrop of weakness in the US means... 11th August 2022 · 3 mins read
Latin America Data Response Mexico Consumer Prices (Jul.) The rise in Mexico’s headline inflation rate to 8.2% y/y in July, coming alongside the stronger-than-expected Q2 GDP figures released in late-July, mean that Banxico is almost certain to hike interest... 9th August 2022 · 2 mins read
Latin America Data Response Mexico GDP (Q2 Prov.) Provisional GDP figures show that Mexico’s economy grew by a stronger-than-expected 1.0% q/q in Q2 and we have nudged up our forecast for GDP growth this year to 2.3% (from 1.8% previously). Even so... 29th July 2022 · 2 mins read
Latin America Data Response Mexico Bi-Weekly CPI (Jul.) The further rise in Mexico’s headline inflation rate to 8.2% y/y in the first two weeks of July means that Banxico is all but certain to deliver another 75bp hike in interest rates, to 8.50%, at its... 22nd July 2022 · 2 mins read
Latin America Economics We think the Mexican peso will fall further We expect the Mexican peso to fall further against the US dollar amid mounting external headwinds. In view of the wider interest, we are also sending this FX Markets Update to clients of our Latin... 15th July 2022 · 3 mins read
Latin America Economics Update Inflation near a peak, but little comfort for central banks Inflation rose to multi-decade highs in much of Latin America last month and, while it should peak in Q3, headline rates will remain uncomfortably high for some time. Central banks in the region... 14th July 2022 · 4 mins read
Latin America Data Response Mexico Industrial Production (May) Industrial production in Mexico rose by a disappointing 0.1% m/m and timely indicators suggest that the sector was even weaker still in June. With growth in the US weakening, we expect industrial... 12th July 2022 · 2 mins read
