Pantheon Publications
Below is a list of our Publications for the last 6 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep.
Please use the filters on the right to search for a specific date or topic.
Andrés Abadía (Chief LatAm Economist)
- In one line: Inflation continues to fall rapidly.
Andrés Abadía (Chief LatAm Economist)Global
- Banxico’s unanimous decision to keep rates on hold at 11% is due to persistent inflationary pressures.
- Upward revisions to headline and core inflation forecasts signal a more hawkish bias than expected.
- The Board is signaling the door is open for further interest rate cuts, as disinflation remains on track.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A modest cut as inflation risks have tilted to the upside.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Core disinflation remains on track, but food prices are now a problem.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Core disinflation remains on track, but food prices are now a problem.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A modest cut as inflation risks have tilted to the upside.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil — Headwinds amid shifting US rate outlook
- Mexico — Facing challenges amid elevated interest rates
- Chile — Improved outlook, but inflation risks linger
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s central bank slowed the pace of rate cuts due to fiscal risks and rising inflation expectations.
- Policymakers have abandoned their previous forward guidance and become more data-dependent.
- The hawkish rate cut signals a cautious approach in H2, but the outlook for 2025 will be different.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A solid end to Q1, and the outlook is benign
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A poor end to Q1, but the underlying trend remains positive.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: A poor end to Q1, but the underlying trend remains positive.
Andrés Abadía (Chief LatAm Economist)Latin America
- The Fed likely will start easing in late Q3; LatAm policymakers will have a more difficult task ahead.
- Colombia’s BanRep met expectations with a ‘bold’ 50bp rate cut; we expect more of the same.
- Chile’s economy faced challenges at the end of Q1, yet the fundamental trend remains positive.
Andrés Abadía (Chief LatAm Economist)Latin America
LATAM CENTRAL BANKS ADOPT A MORE HAWKISH POSITION
- A CAUTIOUS FED AND STICKY SERVICES INFLATION ARE HURTING
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexican Peso — Underperforming amid risk-off
- Colombian Peso —Resilience amid gradual rate cuts
- Chilean Peso — Poised for rebound amid benign factors
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexico’s Q1 GDP shows growth momentum is slowing rapidly, amid economic concerns.
- Tighter financial conditions and a still-challenging external backdrop are real threats.
- The labour market performed well in Q1, but higher real interest rates will dent its resilience.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Inflation continues to fall rapidly, leaving the door open to further rate cuts.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s disinflation remains on track, paving the way for another bold interest rate cut next month…
- …But a cautious COPOM is signaling a slower pace of easing amid the BRL sell-off, due to external risk.
- Argentina’s Milei delivers the largest fiscal surplus in three decades; his ‘shock therapy’ is paying off.
Andrés Abadía (Chief LatAm Economist)Latin America
- Banxico will likely keep rates on hold after the upside surprise in headline inflation in early April.
- Disinflation is likely to resume in late Q2, allowing policymakers to resume cuts, the Fed permitting.
- Economic activity in Argentina continued to falter in Q1, but the EMAE report reveals positive signs.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Banxico likely to move to the sidelines next month.
Andrés Abadía (Chief LatAm Economist)Latin America
- LatAm central banks are taking a cautious approach to monetary policy due to a still-hawkish Fed.
- Mexico’s economic activity rebounded solidly in February, helping to avert a sharper downturn in Q1.
- Increased fiscal support is boosting growth, but rising real rates pose challenges in H2.
Andrés Abadía (Chief LatAm Economist)Latin America