While Latin American currencies have come under pressure this week, we think that they will rebound over the coming quarters as global risk appetite and commodity prices generally improve. Otherwise, the recently-released activity data from Mexico suggest that the economy is still a long way from its pre-crisis level. And with the pace of recovery set to slow from here, we think that the central bank will lower its policy rate by more than most expect.
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