Latin America Data Response Mexico Consumer Prices (Nov.) Mexican inflation remained at a three-year low of 3.0% y/y in November, which strengthens our view that policymakers will cut their key rate from 7.50% to 7.25% next week. 9th December 2019 · 2 mins read
Latin America Data Response Brazil IPCA (Nov.) The slightly larger-than-expected Brazilian rise in Brazilian inflation in November, to 3.3% y/y, was driven partly by food inflation, but also by a rise in regulated prices. The data are unlikely to... 6th December 2019 · 2 mins read
Latin America Data Response Chile CPI (Nov.) The rise in Chilean inflation to 2.7% y/y in November is likely to be followed by a further increase to around 4.0% y/y early next year. That said, this increase will be temporary. As a result, we... 6th December 2019 · 2 mins read
Latin America Data Response Brazil Industrial Production (Oct.) The 0.8% m/m rise in Brazilian industrial production in October provides early evidence that GDP growth in Q4 is shaping up to be a bit stronger than Q3’s 0.6% q/q. 4th December 2019 · 2 mins read
Latin America Data Response Brazil GDP (Q3 2019) The slightly better-than-expected Brazilian Q3 GDP growth figure of 0.6% q/q adds to the evidence that the recovery is gaining some momentum. But growth remains soft, and the central bank is still... 3rd December 2019 · 2 mins read
Latin America Data Response Brazil & Mexico Bi-Weekly CPI (Nov.) Inflation ticked up in the first half of November in both Brazil and Mexico, but we doubt that this will be enough to dissuade policymakers from cutting their key interest rates in December. We expect... 22nd November 2019 · 2 mins read
Latin America Data Response Peru GDP (Q3 2019) The pick-up in Peruvian GDP growth from 1.2% y/y in Q2 to 3.0% y/y in Q3 probably marks the beginning of a sustained economic recovery. While GDP growth over this year as a whole is likely to be just... 21st November 2019 · 2 mins read
Latin America Data Response Mexico Industrial Production (Sep.) Mexican industrial production fell again in September, and problems in the auto sector probably caused conditions to deteriorate further in October. This adds to the pressure for policymakers to cut... 11th November 2019 · 2 mins read
Latin America Data Response Brazil & Mexico CPI (Oct.) The fall in Brazilian inflation to 2.5% in October, one of the lowest rates on record, makes another 50bp cut in the Selic rate at December’s Copom meeting almost certain. That said, policymakers have... 7th November 2019 · 2 mins read
Latin America Data Response Brazil Industrial Production (Sep.) The weaker-than-expected 0.3% m/m rise in Brazilian industrial production in September serves as a reminder that, while the economy is now strengthening, it will be a weak and bumpy recovery. 1st November 2019 · 2 mins read
Latin America Data Response Mexico GDP (Q3, Prov.) The meagre 0.1% q/q rise in Mexican GDP in Q3 makes another interest rate cut at the next central bank meeting in November almost certain. The data release increases the likelihood of a larger 50bp... 30th October 2019 · 2 mins read
Latin America Data Response Mexico Bi-Weekly CPI (Oct.) Mexican inflation remained at 3.0% y/y October, which supports our view that policymakers will cut their key rate from 7.75% to 7.25% by the end of this year. 24th October 2019 · 2 mins read
Latin America Data Response Brazil IPCA-15 (Oct.) The fall in Brazilian inflation to 2.7% y/y in the middle of October, one of its lowest rates on record, means policymakers will (barring any hiccups in the final vote on pension reform later today)... 22nd October 2019 · 2 mins read
Latin America Data Response Mexico Industrial Production (Aug.) Mexican industrial production rose by a surprisingly brisk 0.8% m/m in August, but with the key manufacturing sector facing a slowdown, we expect that conditions for industry as a whole will remain... 11th October 2019 · 2 mins read
Latin America Data Response Brazil IPCA (Sep.) The fall in Brazilian inflation to a weaker-than-expected 2.9% y/y last month opens the door to another 50bp cut in the Selic rate when Copom meets at the end of this month. 9th October 2019 · 2 mins read
Latin America Data Response Mexico Consumer Prices (Sep.) Mexican inflation eased to a three-year low of 3.0% y/y in September, which strengthens our view that policymakers will cut their key rate from 7.75% to 7.25% by the end of the year. 9th October 2019 · 2 mins read
