Latin America Publications
Below is a list of our Latin America Publications for the last 5 months. If you are looking for reports older than 5 months please email info@pantheonmacro.com, or contact your account rep
Please use the filters on the right to search for a specific date or topic.
- In one line: Inflation rises marginally, but disinflation remains on track.
- In one line: Under pressure, despite modest manufacturing gains.
- In one line: President Boluarte removed; uncertainty persists but economy remains resilient.
- In one line: Showing tentative signs of stabilisation, but tight financial conditions remain a drag.
- Disinflation is broadening in Brazil, as tradables cool and currency strength reinforces policy credibility…
- …The COPOM will begin a cautious easing cycle; fiscal risks and labour tightness will slow the pace of cuts.
- Industrial output is improving sequentially in Mexico, but weak exports and the USMCA review are threats.
- Sticky core inflation and narrowing policy leeway push Banxico to pause before cautious easing can resume…
- …Temporary fiscal and wage shocks will lift near-term inflation, but disinflation will maintain its easing bias.
- Disinflation is holding in Chile as policy nears neutral and the easing cycle approaches its end.
- Brazilian Real — Flows and shifting rate bets
- Mexican Peso — Range-bound after strong December
- Colombian Peso — Wage shock and geopolitics weigh
- October’s activity rebound reduces recession risk in Mexico, but sectoral momentum remains uneven.
- Services are cushioning any weakness, with industry, investment and external demand capping growth
- USMCA uncertainty, soft remittances and policy noise will keep Mexico’s growth below potential this year.
- US intervention in Venezuela raises regional tensions and reshapes political debate ahead of key elections.
- Rising crime and security issues push voters towards hard-line, market-friendly candidates.
- Chile’s election and upcoming Andean races signal a broader shift in LatAm’s political cycle.
- Banxico delivered another rate cut, but firmer inflation and guidance point to pauses ahead.
- Sticky services inflation and fiscal changes narrow the Bank’s space to ease heading into early 2026.
- The weakness of growth supports cuts, yet external risks and credibility worries limit the options.
- Faster disinflation and anchored expectations allow a cautious rate cut in Chile, after two straight holds…
- …Improving global conditions, firmer copper prices and resilient activity support Chile’s macro outlook.
- Growth is resilient in Argentina, as exports strengthen and fiscal discipline anchors stability.
- Brazil — Polarised political outlook
- Colombia — Markets brace for next year's election
- Peru — Stability but with political fragility
- Broad-based weakness in industry and services offsets agricultural strength in Brazil…
- …Fiscal support is cushioning the slowdown; COPOM patience pushes back easing expectations to late Q1.
- Policy remains near neutral in Peru, as inflation is still anchored and growth is running close to potential.
- A landslide election resets Chile’s political cycle, restoring a pro-market-reform agenda.
- Early fiscal consolidation, tax reform and deregulation will test credibility and sustain the market rally.
- The benign macro backdrop and BCCh easing create a narrow window to lift capex and potential growth.
- Mexico’s industrial rebound in October reflects only base effects and construction timing.
- Manufacturing remains under strain, as US demand softens and trade policy uncertainty freezes capex.
- USMCA-renewal and tariff risks will dominate industry’s performance more than domestic demand.
- In one line: Retail gains signal early stabilisation.
- Benign inflation prints in Brazil strengthen the case for
easing, yet de-anchored expectations force caution.
- Activity is softening without collapsing, supporting a
gradual, data-dependent transition towards Q1 cuts.
- But external volatility, fiscal uncertainty and currency
risks keep the bar to a January rate cut set high.
- In one line: Inflation under control, opening the door to gradual rate cuts.
- Brazil — Bull phase matures amid policy scrutiny
- Mexico — Underlying support holding
- Chile — Testing resistance ahead of run-off election
- Temporary price shocks lifted headline inflation in Mexico, but underlying pressures are modest…
- …Ongoing tariff risk and agricultural volatility keep the inflation risk balance tilted slightly to the upside.
- Inflation is improving in Brazil, but fiscal risk and tight job conditions will keep policymakers cautious.
