Latin America Economics Update Peru holds rates, but the tightening cycle has further to run The Central Reserve Bank of Peru’s decision to leave interest rates unchanged at 4.25% is unlikely to mark the end of the tightening cycle and we expect further rate hikes over the coming months. 11th March 2016 · 1 min read
Latin America Economics Update Peru’s economic recovery hits its stride The surge in Peruvian GDP growth in the final quarter of 2015 was partly due to the temporary boost from the opening of a new copper mine. Nonetheless, the wider economic recovery appears to be going... 22nd February 2016 · 1 min read
Latin America Economics Update Peru hikes again as inflationary pressures build, Chile holds The Peruvian central bank’s decision to hike interest rates by 25bp for the third consecutive month, to 4.25%, as well as the more hawkish tone of the accompanying statement, point to concerns that... 12th February 2016 · 1 min read
Latin America Data Response Peru Economic Activity (Nov.) The strong rise in Peruvian economic activity in November gives the first clear sign that the economy picked-up in the final quarter of last year. As such, it looks like GDP probably grew by around 3... 15th January 2016 · 1 min read
Latin America Economics Update Peru hikes & Chile holds, gradual tightening ahead The decision by Peru’s central bank to hike interest rates for a second consecutive month underlines its concerns about above-target inflation and we have brought forward our forecast for 50bp of... 15th January 2016 · 1 min read
Latin America Data Response Peru Economic Activity (Oct.) The weaker-than-expected rise in Peruvian economic activity in October suggests the recovery is still struggling to gain momentum. Nonetheless, there are some encouraging signs that the economy will... 15th December 2015 · 1 min read
Latin America Economics Update Peru rate hike another step in gradual tightening cycle The Central Reserve Bank of Peru’s decision to follow up September’s surprise interest rate hike with a second 25bp hike, to 3.75%, shows that policymakers are still concerned about the persistence of... 11th December 2015 · 1 min read
Latin America Data Response Peru Economic Activity (Sep.) The pick-up in Peruvian economic activity in September suggests that the economy’s recovery is still on track. Nonetheless, the weakness of August’s data means that GDP growth was probably unchanged... 13th November 2015 · 1 min read
Latin America Economics Update Further interest rate hikes still likely in Peru The Central Reserve Bank of Peru’s decision to leave interest rates on hold at 3.50% came as no surprise and the accompanying statement suggests that policymakers feel little pressure to tighten... 13th November 2015 · 1 min read
Latin America Economics Update Chile’s tightening cycle to be brief Chile’s decision to raise interest rates last night is likely to be followed by another hike soon, but the bigger picture is that the tightening cycle is likely to be short. Meanwhile, although the... 16th October 2015 · 1 min read
Latin America Data Response Latin America Data Response The weakening of Peru’s economy in August is disappointing, but we don’t think this is the start of a sustained downturn and the recovery remains on track. 15th October 2015 · 1 min read
Latin America Economics Update Peru rate hike not the start of an aggressive tightening cycle Although the timing of Peru’s decision to raise interest rates by 25bp (to 3.50%) was a surprise, we had been expecting the central bank to shift into tightening mode in the coming quarters... 11th September 2015 · 1 min read
Latin America Data Response Peru Economic Activity (Jun.) Following a temporary blip in May, economic activity in Peru picked up sharply in June. And thanks to the strength of today’s data, GDP over Q2 a whole probably grew at its fastest pace in annual... 14th August 2015 · 1 min read
Latin America Economics Update Chile and Peru still happy to hold fire Interest rates in both Chile and Peru were left unchanged yesterday and policymakers in both countries are still giving little indication that they expect to tighten monetary policy anytime soon... 14th August 2015 · 1 min read
Global Markets Update Copper prices could eventually boost equities in Chile and Peru Our bullish view on copper prices suggests that stock markets in Chile and Peru could outperform over the medium-term, but persistently low oil prices look set to be an unwanted headwind for equities... 5th August 2015 · 1 min read
Latin America Data Response Peru Economic Activity (May) Economic activity in Peru slowed sharply in May, but the recovery still looks to be on track and GDP growth is still likely to pick up in Q2. 15th July 2015 · 1 min read
