Latin America Economics Update Peru rates on hold, easing cycle probably over Peru’s central bank left its policy interest rate unchanged at 2.75% last night and, while the statement gave little away regarding future moves, we think the easing cycle is probably over. 13th April 2018 · 1 min read
Latin America Economics Update Peru: Kuczynski resignation unlikely to disrupt recovery The resignation of Peruvian president Pedro Pablo Kuczynski (PPK) is likely to be followed by a smooth and swift transition of power to Vice President Martín Vizcarra. And with financial conditions... 22nd March 2018 · 1 min read
Latin America Economics Update Peru cuts rates, but policy tightening on the horizon The decision by Peru’s central bank to cut interest rates by 25bp, to 2.75%, was accompanied by a statement that left the door open for one more cut in the easing cycle. But the big picture is that... 9th March 2018 · 1 min read
Latin America Economics Focus What next for the Andes? We expect recoveries in Colombia, Chile and Peru to continue over the coming years as investment strengthens and consumer spending picks up. There are downside risks to the outlook – namely large... 8th March 2018 · 1 min read
Latin America Economics Update Peru leaves rates on hold, but one more cut still likely Peru’s central bank left interest rates unchanged at 3.00% yesterday as expected, but the accompanying statement left the door open for further easing. We think that a further drop in inflation in the... 9th February 2018 · 1 min read
Latin America Economics Update Peru’s central bank still has room to trim rates further Peru’s central bank cut its policy interest rate last night by 25bp to 3.00% and, while the statement didn’t give much away regarding future moves, we still think there’s room for another 25bp cut in... 12th January 2018 · 1 min read
Latin America Economics Update Kuczynski impeachment threat rumbles Peru’s markets The vote due later this week by Peru’s congress on whether to impeach President Pedro Pablo Kuczynski seems likely to pass. If removed, Vice President Martin Vizcarra would take over and, while a... 19th December 2017 · 1 min read
Latin America Data Response Peru GDP (Q3) The pick-up in Peruvian GDP growth in Q3 was due entirely to a surge in domestic demand, with net trade dragging on growth. While we expect the economic recovery to continue over the coming quarters... 21st November 2017 · 1 min read
Latin America Economics Update Peru’s central bank shrugs off inflation dip Peru’s central bank left its policy interest rate unchanged at 3.50% last night, and while there could be scope to ease policy a little further in the next 3-6 months, as things stand we expect rates... 13th October 2017 · 1 min read
Latin America Chart Pack Recovery in Latin America steps up a gear The past month has brought further evidence that the recovery in Latin America is picking up pace. Our GDP Tracker suggests that regional growth is now running at a three-year high of 3% y/y. The... 27th September 2017 · 1 min read
Latin America Economics Update Peru cuts interest rates, but political turmoil set to rattle markets Peru’s central bank cut its policy interest rate by 25bp last night, to 3.50%, and confirmed our view that rates are unlikely to fall further. What’s more, the surprise decision by Congress to dismiss... 15th September 2017 · 1 min read
Latin America Chart Pack Brazil’s political crisis puts back pension reform The past month has brought some signs that the continuing political crisis in Brazil is starting to weigh on the more ambitious elements of the government’s reform programme. While President Temer’s... 30th August 2017 · 1 min read
Latin America Data Response Colombia GDP (Q2) & Peru Econ. Act. (Jun.) The uptick in Colombian GDP growth in Q2 suggests that the economy is probably over the worst. Even so, the recovery in the second half of the year is likely to be weak and we remain comfortable with... 15th August 2017 · 1 min read
Latin America Economics Update Peru’s central bank holds interest rates, but signals further easing Peru’s central bank left its policy interest rate unchanged at 3.75% last night, but used the accompanying statement to signal that further easing is on the way. As such, we continue to expect one... 11th August 2017 · 1 min read
Latin America Chart Pack Regional inflation hits seven-year low Inflation has continued to fall across Latin America – our measure of regional inflation (excluding Argentina and Venezuela) dropped below 4% y/y for the first time since 2010 last month. This is due... 26th July 2017 · 1 min read
Latin America Data Response Peru Economic Activity (May) Peruvian economic activity rebounded strongly in May as the effects of severe flooding at the start of the year started to fade and we expect the recovery to continue over the coming months. 14th July 2017 · 1 min read
