Latin America Data Response Mexico Bi-Weekly Consumer Prices (Aug.) The drop in Mexican inflation in the first half of the month suggests that the sharp fall in the peso is still having little impact on domestic price pressures. While the recent sell-off in the... 24th August 2015 · 1 min read
Emerging Markets Economics Update Making sense of the EM sell-off The rout in EM financial markets is generating increasingly hysterical headlines with many commentators seemingly fighting to outdo one another with predictions of doom and gloom for emerging... 24th August 2015 · 1 min read
Frontier Markets Wrap Which frontier market peg could be the next to go? The recent devaluation of China’s renminbi and the slump in commodity prices were the two key factors behind Vietnam’s decision last week to widen the dong trading band with the dollar and the... 24th August 2015 · 1 min read
Latin America Data Response Brazil IPCA-15 (Aug.) Data to mid-August provide a glimmer of hope that the big month-on-month increases in consumer prices in Brazil are now behind us. In year-on-year terms, inflation should peak this month, but it will... 21st August 2015 · 1 min read
Latin America Data Response Mexico GDP (Q2) Second quarter GDP data from Mexico were a bit better than expected but don’tchange the bigger picture that economic growth in the first half of the year wasdisappointingly weak. There is some... 20th August 2015 · 1 min read
Emerging Markets Economics Chart Pack EM currencies take a beating on China worries The impact of China’s renminbi devaluation is continuing to be felt across emerging markets. The Kazakh central bank today scrapped its trading band for the tenge, which subsequently fell by over 20%... 20th August 2015 · 1 min read
Global Markets Update Still room for revision of rate expectations in EM bond market Local currency government bonds have been a port in the emerging market (EM) storm during the past year, as investors have revised down their expectations for policy rates. While they are now... 20th August 2015 · 1 min read
Emerging Markets Economics Update After the falls: where next for EM currencies? The most recent declines in emerging market currencies have been driven by renewed falls in global commodity prices, China’s ‘devaluation’ of the renminbi, and worries about the prospect of monetary... 18th August 2015 · 1 min read
Latin America Economics Update Colombia: chance of rate hikes growing A sharp fall in its currency, rising inflation and a widening current account deficit have increased the chance that Colombia’s central bank will tighten monetary conditions in the coming quarters... 18th August 2015 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q2) The small fall in Chile’s GDP in the second quarter was partly the result of floods in the north of the country, but not entirely. All components of domestic demand contracted, suggesting that the... 18th August 2015 · 1 min read
Latin America Economics Update Mexico: rate hike next month not yet a done deal We appreciate that we’re going out on a limb in saying this, but we don’t think that an interest rate hike next month in Mexico is necessarily the done deal that many now seem to assume. Indeed, a... 17th August 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
Commodities Update Further fall in Brazilian real could add to sugar’s woes Continued weakness in the Brazilian currency could undermine the price of sugar further. However, we think greater ethanol production and consumption in Brazil will provide some support to the price... 11th August 2015 · 1 min read
Latin America Data Response Mexico Industrial Production (Jun.) A rebound in Mexican industrial production in June was always likely given the sharp fall in output in May. But the industrial sector probably made a meagre contribution to GDP growth over Q2 as a... 11th August 2015 · 1 min read
Latin America Economics Update Argentina’s primaries put Scioli in the driving seat With most of the votes in Argentina’s primary elections now counted, it appears that Daniel Scioli, of the ruling left-wing Front for Victory coalition, is on course to win the Presidential elections... 10th August 2015 · 1 min read
