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18th May 2023 15:03Latin America, Daily Monitor

  • Banxico has finally moved to the sidelines and kept rates on hold with a modest hawkish bias, for now.
  • Chile’s recovery will continue in Q1, but GDP remains below its pre-Covid trend...
  • ...Subpar growth, falling inflation pressures and low political risk will allow the BCCh to cut rates soon.

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Keywords for: 19 May 2023 LatAm Monitor

banxico, bcch, inflation pressures, May, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence