Pantheon Publications
Below is a list of our Publications for the last 5 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep.
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Daily Monitor Andrés Abadía (Chief LatAm Economist)
- Brazil’s H2 slowdown reflects tight financial conditions; agriculture and retail prevent a worse picture.
- Retail and services are showing a tentative stabilisation, while industry is struggling under restrictive credit.
- Disinflation and softer activity set the stage for cautious COPOM easing starting in March.
- Brazil — Retesting records as rate-cut bets return
- Mexico — Hitting records on positive sectoral news
- Colombia — Firm flows, and election in focus
- Sticky services inflation and high indexation leave Colombia far from target, despite modest relief in Q4.
- A 23% minimum-wage increase threatens to entrench inflation persistence and delay long-term convergence.
- BanRep faces pressure to tighten aggressively as expectations rise and LatAm peers’ prices stabilise.
- Chile’s CPI surprised to the downside in December, as goods deflation deepened and core pressures eased…
- …A firmer CLP and slowing wages are anchoring inflation, leaving policy rates close to neutral.
- Low inflation, neutral rates and FX management mean BCRP is well positioned as election risks build.
- 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.
