Pantheon Publications
Below is a list of our Publications for the last 6 months. If you are looking for reports older than 6 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.
Andrés Abadía (Chief LatAm Economist)
- Peru’s BCRP cut the policy rate by 25bp to 5.75% and delivered a dovish shift in the inflation outlook.
- Further easing will depend on inflation dynamics and its determinants; US Fed policy will also play a role.
- Inflation in Chile surprised to the upside in April, which will force the BCCh to act with more caution.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s disinflation in April supports COPOM’s cautiously dovish stance in the near term…
- …But fiscal woes and external factors, particularly the US Fed, will continue to influence monetary policy.
- Rio Grande do Sul floods add to COPOM’s challenges and could alter the monetary policy outlook for H2.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Inflation continues to fall rapidly.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Inflation continues to fall rapidly.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Inflation continues to fall rapidly.
Andrés Abadía (Chief LatAm Economist)Global
- Banxico’s unanimous decision to keep rates on hold at 11% is due to persistent inflationary pressures.
- Upward revisions to headline and core inflation forecasts signal a more hawkish bias than expected.
- The Board is signaling the door is open for further interest rate cuts, as disinflation remains on track.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A modest cut as inflation risks have tilted to the upside.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Core disinflation remains on track, but food prices are now a problem.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Core disinflation remains on track, but food prices are now a problem.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A modest cut as inflation risks have tilted to the upside.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil — Headwinds amid shifting US rate outlook
- Mexico — Facing challenges amid elevated interest rates
- Chile — Improved outlook, but inflation risks linger
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s central bank slowed the pace of rate cuts due to fiscal risks and rising inflation expectations.
- Policymakers have abandoned their previous forward guidance and become more data-dependent.
- The hawkish rate cut signals a cautious approach in H2, but the outlook for 2025 will be different.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A solid end to Q1, and the outlook is benign
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A poor end to Q1, but the underlying trend remains positive.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: A poor end to Q1, but the underlying trend remains positive.
Andrés Abadía (Chief LatAm Economist)Latin America
- The Fed likely will start easing in late Q3; LatAm policymakers will have a more difficult task ahead.
- Colombia’s BanRep met expectations with a ‘bold’ 50bp rate cut; we expect more of the same.
- Chile’s economy faced challenges at the end of Q1, yet the fundamental trend remains positive.
Andrés Abadía (Chief LatAm Economist)Latin America
LATAM CENTRAL BANKS ADOPT A MORE HAWKISH POSITION
- A CAUTIOUS FED AND STICKY SERVICES INFLATION ARE HURTING
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexican Peso — Underperforming amid risk-off
- Colombian Peso —Resilience amid gradual rate cuts
- Chilean Peso — Poised for rebound amid benign factors
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexico’s Q1 GDP shows growth momentum is slowing rapidly, amid economic concerns.
- Tighter financial conditions and a still-challenging external backdrop are real threats.
- The labour market performed well in Q1, but higher real interest rates will dent its resilience.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Inflation continues to fall rapidly, leaving the door open to further rate cuts.
Andrés Abadía (Chief LatAm Economist)Latin America
