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  • Brazil’s disinflation is continuing amid an electricity tariff shock and strong currency support.
  • Mexico’s inflation is steady in late Q3, pressured by services despite softening in goods inflation.
  • Central banks will tread cautiously, balancing rate cuts with sticky core inflation and economic growth.

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Keywords for: 10 October 2025 LatAm Monitor

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