Latin America Economics Update What next for monetary policy in Peru? Peru’s economy appears to be suffering one of the largest economic hits of any country from the coronavirus, which is likely to spur further policy easing. With short-term interest rates essentially... 18th June 2020 · 3 mins read
Latin America Economics Update Peru: deeper downturn, but fast recovery Q1 GDP data from Peru suggest that its lockdown is having a bigger impact on activity than measures elsewhere in Latin America. And with new infections in Peru surging in recent weeks, we are revising... 22nd May 2020 · 3 mins read
Latin America Data Response Peru GDP (Q4 2019) We think that the slowdown in Peruvian GDP growth from 3.0% y/y in Q3 to 1.8% y/y in Q4 will be temporary and expect that the economy will recover more quickly than most expect this year. 21st February 2020 · 2 mins read
Latin America Data Response Peru GDP (Q3 2019) The pick-up in Peruvian GDP growth from 1.2% y/y in Q2 to 3.0% y/y in Q3 probably marks the beginning of a sustained economic recovery. While GDP growth over this year as a whole is likely to be just... 21st November 2019 · 2 mins read
Latin America Economics Update Peru cuts rates, strikes neutral tone The statement accompanying yesterday’s decision by Peru’s central bank to cut interest rates made it clear that this did not mark the beginning of an easing cycle. And with inflation and economic... 8th November 2019 · 3 mins read
Latin America Economics Update Peru in good position to weather political crisis The dissolution of congress by President Martin Vizcarra and his heated stand-off with the opposition will likely cause a sell-off in markets and further political gridlock. But as things stand, we... 1st October 2019 · 2 mins read
Latin America Economics Update Peru’s economy to shrug off political uncertainty The recent political turmoil in Peru has stoked fears about governability issues, and congressional gridlock is likely to continue in the near term. But in contrast to many other analysts, we doubt... 21st August 2019 · 3 mins read
Latin America Economics Update Peru latest CB to cut rates, leaves door open for more The statement accompanying the decision by Peru’s central bank to cut interest rates left the door open for further easing. And with the incoming growth and inflation data still weak, there is a... 9th August 2019 · 3 mins read
Latin America Economics Update What next for interest rates in the Andes? The weakness of the latest inflation and economic activity data in Chile means we now think that the central bank will pause its tightening cycle until next year (previously we expected 50bp of hikes... 18th February 2019 · 1 min read
Latin America Data Response Peru GDP (Q3 2018) The slowdown in Peruvian GDP growth from 5.4% y/y in Q2 to 2.3% y/y in Q3 is likely to be a blip, and growth should be stronger in Q4. Even so, growth is likely to be weaker than most expect over 2019... 21st November 2018 · 1 min read
Latin America Economics Update Tightening cycles in the Andes to begin soon The Andean economies of Chile, Peru, and Colombia all appear to be close to raising interest rates. In this Update, we take a closer look at what has triggered central banks to begin tightening cycles... 10th September 2018 · 1 min read
Latin America Economics Update Growth in Chile and Peru to hold up well The surge in GDP growth in Q2 to more than 5% in Chile and Peru probably marks the peak in both countries’ economic cycle. But there is still some spare capacity left. And, as a result, we expect that... 29th August 2018 · 1 min read
Latin America Economics Update Peruvian sol to outperform most EM currencies The Peruvian sol has, despite the emergence of several headwinds, held up surprisingly well over the past few months. While we expect most currencies in the emerging world to weaken over the next 12... 1st August 2018 · 1 min read
Latin America Economics Update Financial conditions tighten in key economies Argentina’s currency crisis has caused financial conditions there to tighten sharply in the past few months, and this is one reason why we expect the economy to fall into recession in the coming... 3rd July 2018 · 1 min read
Latin America Chart Pack Argentina the exception rather than the rule Argentina’s currency crisis has put the spotlight on the country’s growing economic fragilities, but vulnerabilities in the region’s other major economies have diminished in recent years. Current... 31st May 2018 · 1 min read
Latin America Data Response Peru GDP (Q1) Peru’s strong growth in Q1 supports our view that the recovery should continue in the coming quarters, and that GDP will grow by 3.5% over this year as a whole. 21st May 2018 · 1 min read
