- In one line: The recovery continues, but risks are tilted to the downside.
Andres Abadia (Senior International Economist)Latin America
- In one line: Inflation will continue falling, but BCB rate cuts are far off.
Andres Abadia (Senior International Economist)Latin America
- Brazil’s economic growth was stronger-than-expected in early July, which will disquiet the COPOM...
- ...But still-high inflation and political uncertainty are already weighing on consumers’ spending.
- Argentinians will soon face triple-digit inflation, driven by rising input costs and the ARS sell-off.
Andres Abadia (Senior International Economist)Latin America
- Inflation in Mexico rose in August, meeting expectations, allowing Banxico to hike by 50bp this month.
- The inflation picture remains ugly in Chile, but the recession likely will push it down in Q4.
- The BCCh surprised markets by increasing the main rate by 100bp, but it adopted a neutral bias.
Andres Abadia (Senior International Economist)Latin America
- Chile’s labour market is under renewed strain and survey data point to a challenging H2...
- ...High inflation, tighter financial conditions, increased interest rates, and elevated political risks are drags.
- Chileans will vote on Sunday on a new constitution, but uncertainty will persist regardless.
Andres Abadia (Senior International Economist)Latin America