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9 Sept 2022 LatAm Monitor High Inflation in Mexico and Chile will Test Policymakers' Resolve

Andres Abadia (Senior International Economist)8th Sep 2022 15:23Latin America, Daily Monitor

Inflation in Mexico rose in August, meeting expectations, allowing Banxico to hike by 50bp this month.
The inflation picture remains ugly in Chile, but the recession likely will push it down in Q4.
The BCCh surprised markets by increasing the main rate by 100bp, but it adopted a neutral bias.

banxico bcch business confidence capex clp commodity prices consumer prices core prices cpi current inflation depreciation disinflation energy external conditions food prices fx volatility headline CPI headline inflation headline rate inflation expectations inflation picture interest rate interest rates July June labour labour market mexico monetary policy non-food goods prices October policy policymakers political risks private consumption rate cuts raw materials September services prices stock market transportation

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