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
Latin America Economics Update Interest rates to fall further than most expect in Chile & Peru Peru’s central bank cut its policy interest rate by another 25bp, to 3.75%, and we expect at least one further quarter point reduction this year. Elsewhere, the Central Bank of Chile left its policy... 14th July 2017 · 1 min read
Latin America Data Response Peru Economic Activity (Apr.) Peru’s economy weakened further at the start of Q2, but with the government planning a major fiscal stimulus to offset the impact of severe flooding earlier this year, we expect growth to rebound over... 15th June 2017 · 1 min read
Latin America Economics Update Peru: monetary policy easing cycle has further to run Peru’s central bank unexpectedly left its policy interest rate unchanged at 4.00%, but the accompanying statement hinted at further easing and we think additional rate cuts are likely. We expect the... 9th June 2017 · 1 min read
Latin America Economic Outlook On the road to recovery The outlook for Latin America is improving and we expect economic growth to accelerate over the next year. The latest political crisis to engulf Brazil has cast fresh doubts over the outlook there but... 23rd May 2017 · 1 min read
Latin America Data Response Peru Economic Activity (Mar.) March activity data confirmed that Peru’s economy slowed sharply in Q1 and, while growth should pick up over the coming months as the temporary drag from severe floods eases, the weak start to the... 15th May 2017 · 1 min read
Latin America Economics Update Peru’s central bank set to ease monetary policy further The Central Reserve Bank of Peru’s decision to cut its policy interest rate by 25bp, to 4.00%, took most analysts by surprise, but not us. We expect one further 25bp cut, to 3.75%, over the coming... 12th May 2017 · 1 min read
Latin America Economics Update Peru: Rising food inflation set to delay interest rate cuts Rising food inflation is likely to dissuade Peru’s central bank from cutting its policy interest rate for the time being. But with the economy slowing and core price pressure low, an easing of... 18th April 2017 · 1 min read
Latin America Economics Update Peru: inflation risks mean interest rates cuts are unlikely Peru’s central bank kept its policy interest rate on hold at 4.25% and, while the accompanying statement struck a dovish tone, the risk of a surge in inflation means rate cuts are unlikely. That said... 7th April 2017 · 1 min read
