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 Data Response Latin America Data Response The weakening of Peru’s economy in August is disappointing, but we don’t think this is the start of a sustained downturn and the recovery remains on track. 15th October 2015 · 1 min read
Latin America Economics Update Peru rate hike not the start of an aggressive tightening cycle Although the timing of Peru’s decision to raise interest rates by 25bp (to 3.50%) was a surprise, we had been expecting the central bank to shift into tightening mode in the coming quarters... 11th September 2015 · 1 min read
Latin America Data Response Peru Economic Activity (Jun.) Following a temporary blip in May, economic activity in Peru picked up sharply in June. And thanks to the strength of today’s data, GDP over Q2 a whole probably grew at its fastest pace in annual... 14th August 2015 · 1 min read
Latin America Economics Update Chile and Peru still happy to hold fire Interest rates in both Chile and Peru were left unchanged yesterday and policymakers in both countries are still giving little indication that they expect to tighten monetary policy anytime soon... 14th August 2015 · 1 min read
Global Markets Update Copper prices could eventually boost equities in Chile and Peru Our bullish view on copper prices suggests that stock markets in Chile and Peru could outperform over the medium-term, but persistently low oil prices look set to be an unwanted headwind for equities... 5th August 2015 · 1 min read
Latin America Data Response Peru Economic Activity (May) Economic activity in Peru slowed sharply in May, but the recovery still looks to be on track and GDP growth is still likely to pick up in Q2. 15th July 2015 · 1 min read
Latin America Data Response Peru Economic Activity (Apr.) The stronger-than-expected Peruvian economic activity data for April were encouraging and, while the monthly numbers are volatile, figures released over the past few months show a clear trend towards... 15th June 2015 · 1 min read
Latin America Economics Update Policymakers in Chile and Peru likely to hold fire until 2016 Interest rates in Chile and Peru were left unchanged last night and with both economies in the early stages of recovery, policymakers are likely to delay rate hikes until next year, even if the Fed... 12th June 2015 · 1 min read
Latin America Economics Update What next for crisis-stricken Venezuela? With Venezuela’s economic crisis intensifying, attention is starting to focus on how the country might get out of this mess. Two options have been suggested in recent weeks – one is the establishment... 9th June 2015 · 1 min read
Latin America Economics Update Markets in Brazil and Colombia suffer fresh falls Following a brief recovery last month, Brazilian and Colombian financial markets have sold off in recent weeks, with both equities and currencies coming under pressure. But elsewhere in Latin America... 27th May 2015 · 1 min read
Latin America Data Response Peru GDP (Q1) Although annual GDP growth in Peru picked up in the first quarter of this year, in q/q terms growth eased a touch. Even so, we're not overly concerned – the quarterly data are volatile and, while the... 21st May 2015 · 1 min read
Latin America Economics Update Chile and Peru happy to play a waiting game The fact that the timetable for rate “lift-off” in the US seems to have been pushed back in recent weeks has relieved pressure on policymakers in both Chile and Peru to follow suit and tighten policy... 15th May 2015 · 1 min read
Latin America Economic Outlook Recovery stalls as Brazil suffers renewed downturn The recovery that appeared to be underway in Latin America at the end of last year has faded in recent months, with several of the region’s economies experiencing renewed downturns. The latest... 13th May 2015 · 1 min read
Latin America Economics Update Brazil heads deeper into the fiscal mire It is, in truth, too soon to expect any improvement in Brazil’s public finances as a result of the belt-tightening measures introduced over the past few months, but the fact that the fiscal position... 7th May 2015 · 1 min read
Latin America Economics Update Peru signals end of easing cycle Interest rates in Peru were left unchanged last night and a subtle shift in language in the statement accompanying the decision suggests that policymakers appear to have closed the door to further... 10th April 2015 · 1 min read
