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19th Jun 2025 13:06Latin AmericaWeekly Monitor

  • The COPOM defied consensus, raising the Selic to 15.00%, and signalled a hawkish extended pause.
  • Persistent inflation and deanchored expectations are keeping Brazil’s policy tight despite activity slowing.
  • Chile’s BCCh paused again; easing will depend on data amid resilient growth and global headwinds.

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Keywords for: 23 June 2025 LatAm Monitor

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