Chile’s central bank was notably less dovish at its meeting this week, supporting our view that the central bank will begin a tightening cycle later this year, most likely in Q4. Elsewhere, while Brazil’s latest political drama has dominated the headlines, one thing that may have flown under the radar was the positive news on payrolls. Given the latest signs of weakness in the economy, though, the strength of the labour market may not last.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services