Latin America Publications
Below is a list of our Latin America 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.
bcch
- Chile’s recovery continued to stall in Q3, due mostly to plunging domestic demand.
- Conditions will remain difficult in the near term, forcing the BCCh to cut rates early next year.
- The current account deficit has ballooned, but a correction is now underway; the risk will ease soon.
Andres Abadia (Senior International Economist)Latin America
- August’s inflation data in Mexico and Chile brought a sigh of relief to policymakers...
- ...But core inflation remains sticky, overshooting their forecast; a slowing economy will bring it down in Q1.
- We think Peru's BCRP wrapped up the tightening cycle last week; the BCCh will stay on hold this week.
Andres Abadia (Senior International Economist)Latin America
- Chile’s economic recovery continues to go into reverse, despite August’s upbeat IMACEC.
- The recession will continue in Q4, giving further arguments to the BCCh for keeping rates on hold.
- The BanRep minutes reinforced its less-hawkish bias, but now is not the time for inflation complacency.
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
- The full reopening of the economy and further fiscal support have allowed Brazil to enjoy a solid H1.
- The recovery of the job market has also helped, off-setting the drag from high inflation and rates.
- Chile’s economy is in trouble and leading indicators tell a story of depressed conditions in H2.
Andres Abadia (Senior International Economist)Latin America
