Today’s decisions by Peru and Mexico to leave interest rates unchanged support our belief that, in the near-term, most of the region’s policymakers will await clearer evidence on the health of the global economy before adjusting monetary policy. Further ahead, if we are correct in expecting the euro-crisis to intensify this year, the next move in interest rates is likely to be down in both countries.
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