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: Growth holding up, but momentum set to slow in H2.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Growth holding up, but momentum set to slow in H2.
Andrés Abadía (Chief LatAm Economist)Latin America
INCREASED GEOPOLITICAL RISK…
- …FORCING SOME CENTRAL BANKS TO MOVE TO THE SIDELINES
Andrés Abadía (Chief LatAm Economist)Latin America
- Deep BanRep Board divisions and sticky inflation expectations are delaying further rate cuts.
- Rising fiscal deficits and political noise are under- mining policy credibility and investor confidence.
- Stronger growth gives limited relief as inflation risks and external pressures continue to build.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Banxico cuts again, but rising inflation and a split Board signal a slower, more cautious easing cycle ahead.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Banxico cuts again, but rising inflation and a split Board signal a slower, more cautious easing cycle ahead.
Andrés Abadía (Chief LatAm Economist)Latin America
- Banxico cut, but one dissenting vote signals caution as inflation expectations drift further from the target.
- Forward guidance was softer; the Board dropped the reference to steady cuts, indicating a possible pause.
- Weak domestic demand supports disinflation; real rates remain well above neutral.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Inflation eases slightly, but risks persist.
Andrés Abadía (Chief LatAm Economist)Latin America
- Banxico cuts rates, but rising inflation and Board split signal slower, more cautious easing ahead.
- Disinflation is emerging in Brazil, but policy is still tight amid lingering core pressures and fiscal uncertainty…
- …The Selic will likely be held at 15%, as the BCB sees easing risks outweighing fragile disinflation.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Benign inflation print supports a cautious Banxico rate cut.
Andrés Abadía (Chief LatAm Economist)Latin America
- The benign inflation report supports a 50bp cut, but a divided Banxico will likely slow the easing pace in H2.
- Services inflation is sticky; housing, wage and food costs are delaying disinflation despite a MXN rebound.
- Private demand and capex lead growth in Argentina, but external imbalances and fiscal risks remain high.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Solid start to Q2, but consumption faces headwinds.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Solid start to Q2, but consumption faces headwinds.
Andrés Abadía (Chief LatAm Economist)Latin America
- A rebound in manufacturing and services lifted Mexico’s output in April, but momentum is weak.
- Consumption faces pressure from high rates, labour-market stress, and fading support from remittances.
- Colombia’s proposed ballot sidesteps legal processes, raising institutional fears.
Andrés Abadía (Chief LatAm Economist)Latin America
- The COPOM defied consensus, raising the Selic to 15.00%, and signalled a hawkish extended pause.
- Persistent inflation and deanchored expectations are keeping Brazil’s policy tight despite activity slowing.
- Chile’s BCCh paused again; easing will depend on data amid resilient growth and global headwinds.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: COPOM surprises with a 25bp hike but signals a pause.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: COPOM surprises with a 25bp hike but signals a pause.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil — Bolsonaro probe deepens, fiscal risks rise
- Mexico — Judicial reform starting to backfire
- Colombia — Violence, reform and fiscal crisis
Andrés Abadía (Chief LatAm Economist)Latin America
- Sticky core inflation and electricity-price risks will likely keep BCCh cautious, despite progress on disinflation.
- Gradual CLP appreciation and subdued domestic demand will allow further rate cuts in Q3.
- Colombia’s MTFF signals rising risks amid political urgency; fiscal relief today, higher debt tomorrow.
Andrés Abadía (Chief LatAm Economist)Latin America
- Sticky services and volatile food prices cloud Banxico’s outlook, despite weaker domestic demand.
- Disinflation will resume soon, allowing Banxico to proceed with gradual rate cuts.
- Brazil’s economic growth is slowing in Q2, as agriculture normalises and tight financial conditions bite.
Andrés Abadía (Chief LatAm Economist)Latin America
