Pantheon Macroeconomics

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22nd May 2023 07:05Latin America, Daily Monitor

  • Banxico has moved to the sidelines, but is still cautious, as core inflation remains relatively sticky, for now...
  • ...But inflation will continue to fall in H2, and the U.S. recession will be a threat, changing the dynamics.
  • Policymakers will turn dovish in early Q3, and likely will start cutting rates in September.

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Keywords for: 23 May 2023 LatAm Monitor

banxico, core inflation, May, recession, u.s., Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence