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.
policymakers
- Inflation in Chile is heading south, thanks to falling commodity prices and tighter financial conditions.
- Easing pressures in the pipeline suggest that inflation will continue to edge down over the coming months.
- Peru’s inflation is falling too, which likely will allow policymakers to move to the sidelines this week.
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
- Mexican policymakers hiked rates in tandem with the Fed; more will be needed to restore prices stability.
- A divided BanRep increased the main rate less than expected; a gamble that will keep markets uneasy...
- ...The COP is under stress as investors worry about BanRep’s commitment to fighting inflation.
Andres Abadia (Senior International Economist)Latin America
- Mexico’s economy was resilient at the start of Q3, thanks to improving manufacturing activity...
- ...But sentiment indicators and survey data suggest that a slowdown will probably emerge soon.
- Brazil’s eternal accounts remain healthy, despite the recent deterioration on a sequential basis.
Andres Abadia (Senior International Economist)Latin America
- Brazil’s COPOM ends the tightening cycle, as inflation is finally cooling, thanks mainly to tax cuts...
- ...But it was a split and hawkish decision, and rate cuts won’t be on the table anytime soon.
- Inflation pressures persist in Mexico, particularly at the core level, but not for much longer.
Andres Abadia (Senior International Economist)Latin America
- The headline rate of CPI inflation continues to fall rapidly in Brazil, thanks to recent tax reductions...
- ...But policymakers remain on alert, as the core rate remains sticky, especially non-administered prices.
- Peru’s central bank slowed the march to 25bp; the end of the tightening cycle is near.
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
- Inflation in Mexico likely hit a new multi-decade high in August, but likely conditions will improve soon.
- Inflation pressures in Peru are finally easing; the end of the BRCP’s tightening cycle is around the corner.
- Core inflation remains subdued, and a weakening domestic demand will help to push it lower in Q4.
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
