Latin America Data Response Mexico Consumer Prices (Nov.) Mexico’s headline inflation rate continued to drop back to 7.8% y/y in November but this was driven by weaker non-core inflation; core inflation actually strengthened further. We now expect that... 8th December 2022 · 2 mins read
Latin America Economics Weekly Banxico debate, Lula tacks back, Argentina’s struggles The further rise in core inflation in the first half of November suggests that the debate at Mexico’s central bank (Banxico) over when to end the tightening cycle is set to heat up. The risks are... 25th November 2022 · 7 mins read
Event EM Drop-In: Past peak inflation – what now for EM policymakers? 1669906800 Inflation appears to have finally peaked for emerging markets – but how quickly will price pressures now ease, and what will that mean for the 2023 outlook?
Latin America Data Response Brazil & Mexico Bi-Weekly CPI (Nov.) The further fall in Mexico’s headline inflation rate, to 8.1% y/y, in the first two weeks of November was driven by easing non-core price pressures. But core inflation picked up, which will strengthen... 24th November 2022 · 2 mins read
Latin America Economics Update Global recession adds to headwinds facing Lat Am With the global economy headed for recession and commodity prices likely to come off their recent highs, Latin American exports will struggle over the coming quarters. Weakening global growth is also... 23rd November 2022 · 3 mins read
Latin America Chart Pack Region slowing Data released over the past month or so suggest that most economies across the region fared well in Q3. GDP growth in Mexico and Colombia came in well above expectations and hard activity data from... 17th November 2022 · 12 mins read
Emerging Markets Economics Focus Higher interest rates exposing private sector debt risks Higher interest rates and larger private sector debt burdens mean that debt interest service ratios could rise to levels last seen in the 1990s in many EMs next year. This is unlikely to be a major... 17th November 2022 · 18 mins read
Latin America Rapid Response Mexico Interest Rate Announcement (Nov.) 10th November 2022 · 2 mins read
Latin America Data Response Mexico Consumer Prices (Oct.) Mexico’s headline inflation rate came in at a weaker-than-expected 8.4% y/y in October and, while this is unlikely to prevent Banxico from delivering another 75pb interest rate hike, to 10.00%... 9th November 2022 · 2 mins read
Latin America Economics Update Mexico’s current account deficit to widen Mexico’s current account deficit is likely to widen over the coming quarters and, while it will remain modest compared with other parts of Latin America, we expect the peso to come under pressure. 7th November 2022 · 3 mins read
Latin America Data Response Mexico GDP (Q3 Prov.) Provisional GDP figures show that Mexico’s economy expanded by a stronger-than-expected 1.0% q/q in Q3, but a recession in the US alongside tight fiscal and monetary policy mean that the economy will... 31st October 2022 · 2 mins read
Latin America Chart Pack All eyes on Brazil Brazilians head to the polls on Sunday to decide who’ll become the country’s next president in a heated run-off election between incumbent Jair Bolsonaro and his left-wing rival Lula. Lula is still... 25th October 2022 · 12 mins read
Latin America Data Response Mexico Bi-Weekly CPI (Oct.) Mexico’s mid-month inflation reading of 8.5% y/y in October was a bit weaker than expected and, while core inflation edged up again, this was mainly driven by food products. With the Fed still in a... 24th October 2022 · 2 mins read
Latin America Data Response Mexico Industrial Production (Aug.) Mexico’s industrial sector stagnated in August as weakness in the manufacturing, construction and utilities sectors was only offset by higher mining output. More timely indicators paint a mixed... 12th October 2022 · 2 mins read
Latin America Data Response Mexico Consumer Prices (Sep.) Mexico’s headline inflation rate was unchanged at 8.7% y/y in September and will probably start to drop back over the coming months. But it will remain above the upper end of Banxico’s 2-4% tolerance... 7th October 2022 · 3 mins read
Latin America Economics Update Banxico and BanRep to remain in hawkish mood Central banks in Mexico and Colombia delivered further large interest rates hikes yesterday, of 75bp and 100bp respectively, and the backdrop of strong inflation pressures and tighter external... 30th September 2022 · 3 mins read
