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21st Jun 2023 20:31Latin America, Weekly Monitor

  • Banxico suggests that rate cuts won’t come soon, but we think that an opportunity will emerge in late Q3.
  • Rapidly falling inflation and the drag of a U.S. recession will allow Banxico to cut rates soon.
  • Argentina’s economy remained surprisingly resilient in Q1, but the outlook has deteriorated rapidly.

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Keywords for: 26 June 2023 LatAm Monitor

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