Latin America Chart Pack Lat Am central banks turning more dovish Central banks in several countries in Latin America are turning increasingly dovish. Policymakers in Brazil cut interest rates this month on the back of another drop in inflation and further (gradual)... 31st October 2016 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Sep.) Stronger-than-expected Chilean activity data for September suggest that GDP growth picked up to more than 2% y/y in Q3, which would be the strongest rate since the middle of 2015. While this wouldn’t... 28th October 2016 · 1 min read
Latin America Economics Update Chile: MPC divided, but rates to remain on hold Chile’s central bank left interest rates on hold at 3.50%, although the MPC appears to be divided over whether to flag rate cuts or not. For now, we expect signs that the economy is recovering keep... 19th October 2016 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Sep.) The bigger-than-expected drop in Brazilian inflation in September should be enough to seal the deal on an interest rate cut at this month’s COPOM meeting. 7th October 2016 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Aug.) Chilean activity data for August were mixed, but on balance they reinforce our view that a large part of Q2’s weakness was temporary. The early signs are that GDP growth picked up from 1.5% y/y in Q2... 30th September 2016 · 1 min read
Latin America Data Response Chile Consumer Prices (Aug.) The sharp drop in Chilean inflation in August takes it firmly back within the central bank’s target range and reinforces our view that interest rates are likely to remain on hold for a prolonged... 8th September 2016 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Jul.) July’s activity data were slightly better than the dire outturns in May and June, but,on balance, they still suggest the economy remained weak at the start of Q3. 30th August 2016 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q2) The quarterly contraction in Chilean GDP in Q2 is a disappointing sign that the economy remains fragile. But we don’t expect the weakness to persist and revisions to past data mean that the economy is... 18th August 2016 · 1 min read
Latin America Economics Update Chile & Peru MPCs hint that tightening done, but hikes still likely Having left interest rates unchanged last night, the Chilean and Peruvian central banks both removed the reference to a tightening bias in their accompanying statements. However, with inflation likely... 12th August 2016 · 1 min read
Latin America Data Response Chile Consumer Prices (Jul.) The fall in Chilean inflation in July, coming on the back of a recent weakening in the economy, means that interest rate hikes this year are now looking unlikely. 8th August 2016 · 1 min read
Latin America Economics Update Chile & Peru hold interest rates, but hikes on the horizon The decisions by the Chilean and Peruvian central banks to leave monetary policy unchanged didn’t come as a surprise as, for now, the inflation picture in both economies is improving. But with... 15th July 2016 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Jun.) The drop in Brazil inflation, from 9.3% in May to 8.9% in June, should be followed by further falls over the coming months. That said, our view remains that the central bank will resist lowering... 8th July 2016 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (May) Having fallen in each of the past three months, inflation in Brazil was unchanged at 9.3% y/y in May. We suspect that this is a temporary blip rather than the start of a new trend and think inflation... 8th June 2016 · 1 min read
Latin America Economics Update Chile: Rising unemployment likely to delay rate hikes The Central Bank of Chile’s decision to leave its key policy interest rate unchanged at 3.50% reinforces our view that lingering signs of economic weakness, notably the rising unemployment rate, will... 18th May 2016 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Apr.) Inflation in Brazil and Chile edged down last month and we expect it to continue its downward trend in both countries over the course of this year. 6th May 2016 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Mar.) March activity data for Chile were a mixed bag, but taken together with last month’s strong figures, they suggest that GDP growth picked up to over 2.0 %y/y in Q1. Nonetheless, we don’t expect the... 29th April 2016 · 1 min read
