Latin America Data Response Chile Consumer Prices (Feb.) The smaller-than-expected fall in Chilean inflation in February suggests that price pressures remain strong. This creates a dilemma for the central bank, which is likely to be reluctant to hike rates... 8th March 2016 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Jan.) Chile’s economy remained relatively weak in January as the industrial sector continued to struggle. While we expect conditions to improve over the course of this year, today’s data underscore the... 29th February 2016 · 1 min read
Latin America Economics Update Peru hikes again as inflationary pressures build, Chile holds The Peruvian central bank’s decision to hike interest rates by 25bp for the third consecutive month, to 4.25%, as well as the more hawkish tone of the accompanying statement, point to concerns that... 12th February 2016 · 1 min read
Latin America Data Response Chile Consumer Prices (Jan.) The surge in Chilean inflation in January was largely due to planned tax increases and had been anticipated. As such, we don’t expect it to a trigger a policy response from the central bank and... 8th February 2016 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Dec.) The weaker-than-expected Chilean activity data for December confirm that the economy slowed in Q4. Our GDP Tracker suggests the economy grew by a lacklustre 2.0% y/y over Q4 as a whole. 29th January 2016 · 1 min read
Latin America Economics Update Peru hikes & Chile holds, gradual tightening ahead The decision by Peru’s central bank to hike interest rates for a second consecutive month underlines its concerns about above-target inflation and we have brought forward our forecast for 50bp of... 15th January 2016 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Dec.) The further rise in Brazilian inflation in December, to a 12-year high of 10.7% y/y, now means that anything less than a 50bp rate hike at this month’s COPOM meeting is likely to see financial markets... 8th January 2016 · 1 min read
Latin America Data Response Chile IMACEC (Nov.) Economic activity in Chile picked up in November, but even so, it looks like GDP growth over Q4 as a whole probably didn’t accelerate from Q3. 5th January 2016 · 1 min read
Latin America Economics Update Mexico & Chile hike, but tightening cycles to be gradual Last night’s decision by central banks in Mexico and Chile to hike interest rates suggests that the actions of the US Fed still hold sway with policymakers in Latin America. Nonetheless, we suspect... 18th December 2015 · 1 min read
Latin America Data Response Chile Consumer Prices (Nov.) & IMACEC (Oct.) The further fall in Chilean inflation in November is an encouraging sign that price pressures in the economy are easing. While this reduces the likelihood of the central bank hiking interest rates... 7th December 2015 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Oct.) Weaker Chilean activity data for October underscore the gradual nature of the economic recovery. Nonetheless, it too early to worry about a renewed slowdown in GDP growth in Q4. 30th November 2015 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q3) The acceleration in Chile’s GDP growth in the third quarter is an encouraging sign that, after a brief slowdown in the previous quarter, the economic recovery is back on track. GDP growth is still... 18th November 2015 · 1 min read
Latin America Data Response Brazil, Chile & Colombia Consumer Prices (Oct.) October’s rise in Brazilian inflation, to 9.9% y/y, was due in part to a fresh increase in regulated fuel prices, but it looks like the recent slide in the real also played a role. Elsewhere in Latin... 6th November 2015 · 1 min read
Latin America Economics Update Chile’s tightening cycle to be brief Chile’s decision to raise interest rates last night is likely to be followed by another hike soon, but the bigger picture is that the tightening cycle is likely to be short. Meanwhile, although the... 16th October 2015 · 1 min read
Latin America Economics Update Recent weakness in Chilean activity a temporary blip Economic activity data from Chile have been weak in recent months, but we don’t think this marks the start of a deeper downturn. The softer data have been largely the result of various temporary... 5th October 2015 · 1 min read
Latin America Data Response Chile Consumer Prices (Aug.) The further rise in Chilean inflation last month, to 5.0% y/y, coming on the back of the hawkish message in the central bank’s latest Inflation Report, suggests that rate hikes may come sooner than we... 8th September 2015 · 1 min read
