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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Andrés Abadía (Chief LatAm Economist)
- In one line: Inflation jumped on fuel prices, but underlying pressures remained contained.
- In one line: Industrial activity continues to recover, but momentum remains fragile.
- IIn one line: Banxico cuts rates, likely ending the easing cycle.
- In one line: Banxico cuts rates, likely ending the easing cycle.
- In one line: Core inflation remains sticky, keeping Banxico cautious.
- In one line: Core inflation remains sticky, keeping Banxico cautious.
- Banxico’s split vote highlights growing fears over persistent inflation and narrowing room for rate cuts.
- Weak growth and greater economic slack justify final rate cut despite elevated inflation concerns.
- External risks from oil prices, Fed uncertainty and MXN volatility dominate Banxico’s reaction function.
- Mexican peso — Resilient rebound as USD softens
- Colombian peso — Rally fades as policy doubts cap gains
- Chilean peso — Partial recovery as external issues ease
- Mexico’s broad-based decline in growth in Q1 reflects weakening consumption and capex.
- A temporary Q2 rebound driven by the World Cup and seasonal factors will not sustain stronger growth.
- Limited monetary easing and fragile fiscal dynamics constrain policy support; downside risks prevail.
- In one line: Activity is stabilizing at the margin, but the industrial sector remains a clear drag.
- In one line: Activity is stabilizing at the margin, but the industrial sector remains a clear drag.
- BanRep’s unanimous hold risks misinterpretation as inflation rises; the policy stance is behind the curve.
- Rising expectations and resilient demand expose insufficient tightening, reinforcing the need for more.
- Fiscal slippage and market repricing tighten conditions independently, increasing pressure ahead.
- In one line: BanRep pauses, but credibility questions linger.
- In one line: BanRep pauses, but credibility questions linger.
OIL SHOCK FEEDS INTO INFLATION, DELAYING EASING CYCLES
- DISINFLATION STALLS, CENTRAL BANKS TURN MORE CAUTIOUS
- In one line: Activity contracted sharply in Q1, and the outlook is difficult.
- In one line: Activity contracted sharply in Q1, and the outlook is difficult.
- In one line: Copom cuts, but rising inflation keeps the easing cycle cautious.
- Brazil’s COPOM continued its cautious easing, as rising inflation risk limits scope for greater action…
- …The oil shock and fiscal uncertainty complicate the policy outlook, reinforcing the need for gradual cuts.
- Oil-related inflation risks rise, while weaker domestic activity keeps BCCh firmly in wait-and-see mode.
- In one line: The oil shock is now feeding through more forcefully into headline inflation.
