Latin America Rapid Response Brazil IPCA (Dec. 2024) The fall in Brazil’s headline inflation rate in December, to 4.8% y/y, coupled with the rebound in the real over the past couple of weeks, won’t be enough to stop Copom following through with further... 10th January 2025 · 2 mins read
Latin America Rapid Response Mexico Consumer Prices (Dec. 2024) The larger-than-expected fall in Mexico’s headline inflation rate, to 4.2% y/y in December keeps the door open for another 25bp cut at Banxico’s February meeting. But a lot will hinge on moves on the... 9th January 2025 · 2 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Dec. 2024) The fall in Mexican inflation in the first half of December, to 4.4% y/y, gives Banxico room to continue to ease monetary policy. But we expect Banxico to continue to cut in 25bp steps, rather than... 23rd December 2024 · 2 mins read
Latin America Rapid Response Mexico Interest Rate Announcement (Dec.) Mexico’s central bank unanimously decided to deliver another 25bp interest rate cut, to 10.00%, at today’s meeting and the statement flagged that the easing cycle will continue in the coming months... 19th December 2024 · 2 mins read
Latin America Rapid Response Brazil Interest Rate Announcement (Dec.) Brazil’s central bank stepped up the pace of tightening with a larger-than-expected 100bp hike, to 12.25%, to the Selic rate and made clear that there will be at least two more 100bp increases, to 14... 11th December 2024 · 2 mins read
Latin America Rapid Response Brazil IPCA (Nov. 2024) The further rise in Brazil’s inflation rate, to 4.9% y/y, in November alongside the weakness in the real and strong economic growth mean that Copom is nailed on to step up the pace of monetary... 10th December 2024 · 2 mins read
Latin America Rapid Response Mexico Consumer Prices (Nov. 2024) The fall in Mexico’s headline inflation rate, to 4.6% y/y in November, combined with the relative resilience in the peso since the US election means that Banxico is likely to press ahead with another... 9th December 2024 · 2 mins read
Latin America Rapid Response Brazil GDP (Q3 2024) The strong 0.9% q/q expansion in Brazil’s GDP in Q3 will add to the central bank’s concerns that the economy is running too hot. Alongside rising inflation and the sell-off in local financial markets... 3rd December 2024 · 3 mins read
Latin America Rapid Response Brazil IPCA-15 (Nov. 2024) The rise in Brazil’s headline inflation rate, to 4.8% y/y, in the first half of November was partly driven by a further increase in underlying core services inflation and means that Copom is likely to... 26th November 2024 · 3 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Nov. 2024) The larger-than-expected fall in Mexican inflation in the first half of November, to 4.6% y/y, alongside easing core price pressures and the relative resilience in the peso mean that Banxico is likely... 22nd November 2024 · 2 mins read
Latin America Rapid Response Mexico Interest Rate Announcement (Nov.) Mexico’s central bank delivered another 25bp interest rate cut at today’s meeting, to 10.25%, and it left the door open to further easing over the coming months, although a lot will depend on moves in... 14th November 2024 · 2 mins read
Latin America Rapid Response Brazil IPCA (Oct. 2024) The further rise in Brazil’s headline inflation rate to 4.8% y/y in October means that the central bank is almost certain to deliver additional interest rate hikes at its upcoming meetings. The risks... 8th November 2024 · 2 mins read
Latin America Rapid Response Mexico Consumer Prices (Oct. 2024) The larger-than-expected rise in Mexico’s headline inflation rate, to 4.8% y/y in October, was driven entirely by a jump in agricultural price inflation. Core inflation edged down last month which... 7th November 2024 · 2 mins read
Latin America Rapid Response Brazil Interest Rate Announcement (Nov. 2024) 6th November 2024 · 2 mins read
Latin America Rapid Response Mexico GDP (Q3 Provisional) The stronger-than-expected 1.0% q/q expansion in Mexico’s economy in Q3 confirms that the economy pulled out of the slump seen in the first half of the year last quarter. We still think the conditions... 30th October 2024 · 2 mins read
Latin America Rapid Response Brazil & Mexico Bi-Weekly CPI (Oct. 2024) The fall in Mexican core services inflation in the first half of October in principle gives Banxico space to press ahead with another 25bp rate cut next month, but much will hinge on the outcome of... 24th October 2024 · 2 mins read
