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9th Feb 2023 16:31Latin America, Daily Monitor

  • Banxico delivers a bolder-than-expected rate increase, and the door is open for a—smaller—hike next month.
  • Inflation pressures dialled up in January, due to in- dexation, and the lagged effect of temporary shocks.
  • The downtrend will resume soon; economic activity is struggling and the risk of recession is elevated.

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Keywords for: 10 Feb 2023 LatAm Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence