Latin America Rapid Response Brazil IPCA (Jul. 2024) The rise in Brazil’s headline inflation rate to 4.5% y/y in July was mainly driven by a pick-up in underlying core services inflation which will do little to quell the hawkishness of Copom. But, with... 9th August 2024 · 2 mins read
Latin America Economics Update Will the BCB hike rates? The minutes to last week’s central bank meeting in Brazil raised the possibility that policymakers will respond to the worsening inflation outlook by hiking interest rates. And despite the sharp shift... 6th August 2024 · 5 mins read
Latin America Rapid Response Brazil Interest Rate Announcement (Jul. 2024) Rising inflation, a worsening fiscal position and a slump in the real prompted Brazil’s central bank to leave the Selic rate at 10.50% today and strike a more hawkish tone in the accompanying... 31st July 2024 · 2 mins read
Latin America Rapid Response Brazil IPCA-15 (Jul. 2024) The stronger-than-expected rise in Brazil’s headline inflation rate, 4.45% y/y in the first half of July, was mainly driven by a pick-up in underlying core services inflation. This, coming alongside... 25th July 2024 · 2 mins read
Latin America Chart Pack Latin America Chart Pack (July 2024) Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments. Regional growth appears to have slowed in Q2 and we think it will be sluggish in... 24th July 2024 · 1 min read
Latin America Economics Update Brazil using sticking plasters as public finances worsen The recent sharp deterioration in Brazil’s public finances has forced Finance Minister Fernando Haddad to outline further fiscal tightening measures, but we doubt that the government will do enough to... 23rd July 2024 · 5 mins read
Latin America Economics Weekly Argentina intervenes (again), Q2 shaping up to be weaker Argentine financial assets sold off this week after Economy Minister Caputo announced that the central bank will start to sell dollars in the parallel market. The plan shows that the government is... 19th July 2024 · 5 mins read
Latin America Economics Weekly Food inflation, US tariffs, Colombia’s public finance risks The raft of June inflation data out this week was not as bad as the rise in the headline rates would suggest, as higher food inflation masked falls in in core inflation. Core inflation appears most... 12th July 2024 · 5 mins read
Latin America Rapid Response Brazil IPCA (Jun. 2024) The rise in Brazil’s headline inflation rate to 4.2% y/y in June was a little softer than expected but the recent weakness in the real and mounting fiscal concerns means that there is no chance that... 10th July 2024 · 2 mins read
Latin America Economics Update Lula’s attacks threaten more political influence at BCB Brazil’s President Lula has renewed his attacks on the central bank and high interest rates in recent weeks, raising fears that there could be more political influence on monetary policy from next... 8th July 2024 · 5 mins read
Latin America Economics Weekly Bolivia’s coup attempt, Lula attacks the BCB The coup attempt in Bolivia this week shouldn’t be read as a warning sign for other Latin American countries. But it does shine a spotlight on institutional fragility in the region – as evidenced by... 28th June 2024 · 5 mins read
Latin America Economics Update The Brazilian real at 30 Monday marks the 30th anniversary of the introduction of Brazil’s currency, the real, as part of a stabilisation plan (the Plano Real) which successfully tamed runaway inflation. For other EMs facing... 27th June 2024 · 5 mins read
Latin America Rapid Response Brazil IPCA-15 (June 2024) The slightly lower-than-expected Brazilian inflation figure, of 4.1% y/y, for the first half of June won’t change the picture that the central bank’s easing cycle is over – for this year at least. 26th June 2024 · 2 mins read
Latin America Chart Pack Latin America Chart Pack (Jun. 2024) Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments. After a strong start of the year, regional growth appears to have slowed in Q2 and... 25th June 2024 · 1 min read
Latin America Economics Weekly Argentina’s IMF review, cautious central banks The eighth review of Argentina’s IMF programme published this week is a whole-hearted endorsement of President Milei’s economic record. That said, the Fund called on Argentine authorities to take... 21st June 2024 · 8 mins read
Latin America Economic Outlook Weak growth to make fiscal challenge harder The economies of Latin America started the year on the front foot, but the strong growth rates recorded in early 2024 are unlikely to be sustained and growth in many parts of the region is likely to... 20th June 2024 · 21 mins read
