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Latin America Publications

Below is a list of our Latin America Publications for the last 5 months. If you are looking for reports older than 5 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.

Datanotes Weekly Monitor Andrés Abadía (Chief LatAm Economist)

PM Datanote: Banxico Announcement, Mexico, June, 2025

  • 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

30 June 2025 LatAm Monitor Banxico signals slower data-driven easing, as inflation risks persist

  • 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

PM Datanote: Bi-weekly CPI, Mexico, June, 2025

  • In one line: Benign inflation print supports a cautious Banxico rate cut.

Andrés Abadía (Chief LatAm Economist)Latin America

23 June 2025 LatAm Monitor COPOM surprises with a final hike and signals a prolonged pause

  • 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

16 June 2025 LatAm Monitor Brazil's inflation eases in May, allowing the BCB to stand pat this week

  • A stronger BRL and improved food supply helped ease headline inflation pressures in Brazil in May.
  • Services and regulated prices continue to drive core inflation above the BCB’s 3% target.
  • The BCB will hold rates, but fiscal risk and global uncertainty threaten to derail the recent price stability.

Andrés Abadía (Chief LatAm Economist)Latin America

PM Datanote: Economic activity index, Chile, April, 2025

  • In one line: Recovery maintaining a solid pace, but external headwinds still loom.

Andrés Abadía (Chief LatAm Economist)Latin America

PM Datanote: GDP, First Quarter, Brazil, 2025

  • In one line: Boost­ed by agriculture and capex, but momentum set to fade. 

Andrés Abadía (Chief LatAm Economist)Latin America

2 June 2025 LatAm Monitor A strong start to 2025 for Brazil, but the outlook remains cautious

  • A record agricultural harvest fuelled Brazil’s Q1 growth, but momentum is likely to slow.
  • Services and capex held up, while industrial output shrank due to restrictive monetary policy.
  • The job market’s resilience complicates the COPOM’s position, but conditions will deteriorate soon enough.

Andrés Abadía (Chief LatAm Economist)Latin America

27 May 2025 LatAm Monitor Mexico's external balance improves, but growing risks cloud the outlook

  • Mexico’s current account deficit narrowed sharply in Q1, thanks to resilient exports and remittance inflows.
  • Financial inflows weakened amid US trade tensions, global volatility, and domestic political uncertainty.
  • The proposed US remittance tax and economic slow- down threaten to disrupt Mexico’s external stability.

Andrés Abadía (Chief LatAm Economist)Latin America

PM Datanote: Economic activity index, Brazil, March, 2025

  • In one line: Q1 surge driven by agriculture; broader gains show resilience.

Andrés Abadía (Chief LatAm Economist)Latin America

PM Datanote: GDP, Chile, Q1, 2025

  • In one line: Q1 growth solid, but momentum set to ease.

Andrés Abadía (Chief LatAm Economist)Latin America

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Keywords for: Latin America

Latin America Document Vault, independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence,