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Banxico delivered another bold rate hike, and their tone has turned even more hawkish.
Inflation continues to head north in Brazil, due mainly to the effect of global supply shocks.
Further rate hikes will help to reduce inflation expectations, but will bring the economy to its knees.
Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.
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