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1st Feb 2024 20:36Latin America, Weekly Monitor

  • BanRep delivered a cautious rate cut, as inflation risks remain tilted to the upside…
  • …But there was unanimity among the Board on the need for further policy normalisation.
  • We still think bolder rate cuts are coming, as inflation will start to fall rapidly and activity will falter.

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Keywords for: 5 February 2024 LatAm Monitor

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