- In one line: Inflation steady in April, but underlying pressures persist, for now.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Inflation steady in April, but underlying pressures persist, for now.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: BCRP resumes easing, citing stable inflation.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Underlying pressures remain in check, despite a bad start to Q2.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Underlying pressures remain in check, despite a bad start to Q2.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Disinflation resumes, and the near-term outlook remains benign.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Disinflation resumes, and the near-term outlook remains benign.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: COPOM slows pace; signals prolonged hold on rates.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: COPOM slows pace; signals prolonged hold on rates.
Andrés Abadía (Chief LatAm Economist)Latin America
- The COPOM signalled a pause to rate hikes amid persistent inflation and emerging economic cooling.
- Balanced inflation risks and global uncertainty drive the BCB’s flexible, data-dependent approach.
- We see the end of the tightening cycle, with potential rate cuts delayed until late Q4 or early 2026.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A solid end to Q1, but downside risks prevail.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazilian Real — Stability tested as external risks mount
- Mexican Peso — Rallying on trade relief, but…
- Chilean Peso — Buoyed by copper and strong real data
Andrés Abadía (Chief LatAm Economist)Latin America
- BCCh held the policy rate at 5.0%, as external risks remain elevated and inflation is volatile.
- Resilient growth masks deeper job-market weaknesses, limiting the scope for near-term easing.
- Commodity-price declines highlight Chile’s vulnerability to shifting global trade dynamics.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Q1 ends on a strong note, but growth set to slow.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Q1 ends on a strong note, but growth set to slow.
Andrés Abadía (Chief LatAm Economist)Latin America
- Colombia’s central bank resumes its cautious easing cycle amid fragile growth and persistent inflation risks.
- BanRep balances disinflation momentum with fiscal slippage and intensifying external noise.
- Uncoordinated policy signals undermine credibility as Colombia faces deteriorating fundamentals.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Surprise rate cut signals cautious support for the recovery.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Surprise rate cut signals cautious support for the recovery.
Andrés Abadía (Chief LatAm Economist)Global
LATAM SHIELDS ITSELF AMID TARIFF TURMOIL…
- …BUT VULNERABILITIES AND RISKS REMAIN ELEVATED
Andrés Abadía (Chief LatAm Economist)Latin America
- Agriculture props up Mexico’s GDP, but industrial recession reveals underlying economic fragility.
- US tariffs hit manufacturing hard, while weakening labour data signal sluggish services momentum.
- Monetary easing likely to continue, but tight fiscal space limits scope for meaningful stimulus ahead.
Andrés Abadía (Chief LatAm Economist)Latin America
