Latin America Chart Pack Recovery in Latin America steps up a gear The past month has brought further evidence that the recovery in Latin America is picking up pace. Our GDP Tracker suggests that regional growth is now running at a three-year high of 3% y/y. The... 27th September 2017 · 1 min read
Latin America Economics Update Peru cuts interest rates, but political turmoil set to rattle markets Peru’s central bank cut its policy interest rate by 25bp last night, to 3.50%, and confirmed our view that rates are unlikely to fall further. What’s more, the surprise decision by Congress to dismiss... 15th September 2017 · 1 min read
Latin America Data Response Chile Consumer Prices (Aug.) Chilean inflation rose in August and, with the central bank continuing to talk down the possibility of further policy easing, we expect the benchmark interest rate to be left unchanged at 2.50% at... 8th September 2017 · 1 min read
Latin America Data Response Brazil Industrial Production & Chile IMACEC (Jul.) The 0.8% m/m rise in Brazilian industrial production in July suggests that, after softening in Q2, the economy got off to a decent start in Q3. Meanwhile, economic activity data for Chile add to the... 5th September 2017 · 1 min read
Latin America Chart Pack Brazil’s political crisis puts back pension reform The past month has brought some signs that the continuing political crisis in Brazil is starting to weigh on the more ambitious elements of the government’s reform programme. While President Temer’s... 30th August 2017 · 1 min read
Latin America Economic Outlook Recovery to strengthen over coming year After a torrid couple of years, the economies of Latin America have turned a corner and we expect growth to strengthen over the rest of 2017 and into 2018. Inflation has fallen in most countries and... 23rd August 2017 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q2) The pick-up in Chilean GDP growth in Q2 was mainly due to a rebound in mining production following a strike, and there are continued signs of weakness elsewhere in the economy. This adds to the case... 18th August 2017 · 1 min read
Latin America Economics Update Chile’s central bank still divided over need for further easing Chile’s central bank left its policy interest rate unchanged at 2.50% for the third consecutive month and, while the accompanying statement gave no hints that rate cuts are being considered, we... 18th August 2017 · 1 min read
Latin America Data Response Chile Consumer Prices (Jul.) Chilean inflation remained below the central bank’s target range in July and the data provided further evidence that underlying price pressure are subdued. Against this backdrop, we continue to expect... 8th August 2017 · 1 min read
Latin America Data Response Chile IMACEC (Jun.) Chilean economic activity data for June all but confirm that GDP growth rebounded in Q2. And there are tentative signs that a recovery is starting to build outside of the volatile mining sector. 7th August 2017 · 1 min read
Latin America Chart Pack Regional inflation hits seven-year low Inflation has continued to fall across Latin America – our measure of regional inflation (excluding Argentina and Venezuela) dropped below 4% y/y for the first time since 2010 last month. This is due... 26th July 2017 · 1 min read
Emerging Markets Trade Monitor EM export growth to slow, but not collapse EM export growth ticked up in May, but the big picture is that the sharp acceleration caused by the rebound in global commodity prices over the past year or so is now behind us. We don’t expect EM... 14th July 2017 · 1 min read
Latin America Economics Update Interest rates to fall further than most expect in Chile & Peru Peru’s central bank cut its policy interest rate by another 25bp, to 3.75%, and we expect at least one further quarter point reduction this year. Elsewhere, the Central Bank of Chile left its policy... 14th July 2017 · 1 min read
Latin America Data Response Mexico, Brazil & Chile Consumer Prices (Jun.) Mexican inflation rose further above target in June, but there are signs in the breakdown that it is close to peaking. Meanwhile, data also released today showed that inflation in both Brazil and... 7th July 2017 · 1 min read
Latin America Data Response Chile IMACEC (May) The second consecutive m/m expansion in the Chilean IMACEC economic activity index suggests that, after a dire Q1, GDP growth probably picked up in Q2. We think the economy should continue to recover... 5th July 2017 · 1 min read
Latin America Economics Update Chile: Central bank holds rates, but further cuts to come Chile’s central bank left its policy interest rate unchanged at 2.50% following its latest MPC meeting, but with inflation set to remain below target and no sign of a turnaround in the economy, we... 16th June 2017 · 1 min read
