15 Sept 2022 LatAm Monitor Global Inflation Risks Have Spooked LatAm Markets

• Brazil — Hit by political noise and commodity prices
• Colombia — Orthodoxy is not enough to ease the pain
• Chile — Political questions not abating

Andres Abadia (Senior International Economist)Latin America

9 Sept 2022 LatAm Monitor High Inflation in Mexico and Chile will Test Policymakers' Resolve

• 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

8 Sept 2022 LatAm Monitor FX Update Bold Hikes Protect Currencies Against Political Risk

Brazilian Real — Will political risk sky-rocket soon?

Mexican Peso — Resilient, despite AMLO

Argentinian Peso — A new FX rate for soy exports

Andres Abadia (Senior International Economist)Latin America

31 Aug 2022 LatAm Monitor Chile's Economy Struggles Ahead of the Constitutional Referendum

• 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