Latin America Economics Update Markets find their feet after summer sell-off Latin American financial markets have bounced back in September, snapping a three-month losing streak. While the US Fed’s decision to delay tapering does little to change our fundamental view on the... 26th September 2013 · 1 min read
Latin America Chart Pack Growth accelerates in Q2 but falters at start of Q3 The raft of official GDP data released over the past month confirmed that, having slowed sharply since the start of 2012, growth in Latin America picked up pace in the second quarter of this year. We... 25th September 2013 · 1 min read
Latin America Economics Focus What might China hold in store for Peru and Chile? With fears of a ‘hard landing’ in China receding, the economic outlook for Peru and Chile has brightened a little in recent months. As it happens, both countries appear fairly well placed to deal with... 20th September 2013 · 1 min read
Latin America Economics Update Fed tapering and Latin America: a recap All eyes will be firmly fixed on today’s US FOMC meeting in anticipation of the announcement that the Fed will begin scaling back its programme of asset purchases under QE3. But for the economies of... 18th September 2013 · 1 min read
Latin America Economics Update Weaker currencies have not fully restored competitiveness The depreciation of exchange rates across Latin America since May only goes part of the way to restoring external competitiveness that has been lost over the past five years. As such, we suspect that... 16th September 2013 · 1 min read
Latin America Economics Update Interest rate cuts still likely in Chile and Peru The stronger tone of recent data means that the case for monetary easing in both Chile and Peru is less convincing than it was only a few months ago. Nonetheless, policymakers in both countries will... 13th September 2013 · 1 min read
Latin America Economics Update Chile: solid start to Q3 could delay monetary easing Today’s IMACEC activity indicator revealed that Chile’s economy picked up pace at the start of Q3. This is unlikely to signal a turn in the economic cycle following two quarters of slowing growth, but... 5th September 2013 · 1 min read
Latin America Chart Pack Exporters beginning to benefit from weaker currencies The recent increase in manufactured exports may be the first sign that Latin American industry is beginning to feel the benefit of weaker currencies. Nominal exports grew by 2.2% y/y in July, having... 29th August 2013 · 1 min read
Latin America Economics Update Currencies back in the firing line Latin America has not been spared in the latest emerging market sell-off, with currencies and bonds tumbling over the past few weeks. However, in contrast to May’s sell-off, equity markets have so far... 21st August 2013 · 1 min read
Latin America Economics Update Brazil: how will policymakers respond to market rout? The sell-off in the Brazilian real over the past month has triggered a sharp upward revision in market expectations for interest rates over the next year. In this month’s Watch we explain why... 20th August 2013 · 1 min read
Latin America Economics Update Chilean growth settling down to slower trend Today’s GDP data confirm that Chile’s economy is cooling and is likely to settle at a slower trend pace in the coming years. Given the current resilience of domestic demand, we do not foresee a... 19th August 2013 · 1 min read
Latin America Economics Update Chilean central bank bides its time over rate move Yesterday’s central bank meeting in Chile revealed that policymakers are taking a cautious approach to changes in interest rates despite evidence of a slowing economy. We remain comfortable with our... 14th August 2013 · 1 min read
Latin America Economics Update What next for Chilean monetary policy? By all accounts this week’s interest rate decision in Chile is set to be a close call. We’re forecasting a 25bp cut to 4.75% but acknowledge that a slightly firmer tone to the recent economic data... 12th August 2013 · 1 min read
Latin America Chart Pack Rates to stay lower than the market expects Latin American central banks have taken divergent paths in 2013. Whereas Brazil started to hike interest rates in April, both Colombia and Mexico have trimmed their benchmark rates this year... 31st July 2013 · 1 min read
Latin America Economic Outlook A new era of weaker growth Latin American growth fell to its slowest rate since 2009 in the first half of this year and, while some countries are likely to see a rebound over the coming quarters, we think that for most this... 29th July 2013 · 1 min read
Latin America Economics Update Markets steady following Q2 rout Latin American financial markets have steadied in July after a sharp sell-off over the previous couple of months. We suspect that markets will stay under pressure in the near term. However, the worst... 26th July 2013 · 1 min read
