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12th May 2023 15:00Latin America, Weekly Monitor

  • Brazil’s disinflation continues, despite overshooting consensus in April, and the near-term looks benign.
  • The upside surprise, however, means that interest rates cuts are coming, but not before August.
  • The BCRP kept rates on hold with a cautious tone, but lower inflation will enable it to cut rates in Q3.

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Keywords for: 15 May 2023 LatAm Monitor

bcrp, disinflation, interest rates, May, rate cuts, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence