- In one line: A modest recovery but downside risks persist.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: The 50bp pace of rate cuts continues amid mixed economic signals and a cautious inflation outlook.
Andrés Abadía (Chief LatAm Economist)Latin America
LATIN AMERICAN CENTRAL BANKS TACKLE INFLATION…
- …AND GROWTH CHALLENGES, AMID GLOBAL PRESSURES
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Resilient at the headline level, for now.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: The door has been left open for further easing.
Andrés Abadía (Chief LatAm Economist)Latin America
- Banxico has cut interest rates as expected, and maintains a dovish stance amid economic weakness.
- Declining inflation, struggling economic activity and the Fed’s easing will allow further rate cuts.
- Argentina’s radical reforms drive a modest recovery, yet significant challenges remain.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Resuming the downtrend, despite significant threats.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: The downtrend continues as non-core pressures ease.
Andrés Abadía (Chief LatAm Economist)Latin America
- Colombia’s economy faces headwinds despite the modest recovery; policy shifts muddy the outlook.
- President Petro’s reform agenda meets political resistance, again; economic stability is at risk.
- BanRep is dealing with inflation and growth worries amid government pressure for a dovish policy shift.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: In one line: A pre-emptive 25bp hike in response to persistent inflation risks.
Andrés Abadía (Chief LatAm Economist)Latin America
- The COPOM has a tough rate decision amid rising inflation expectations, and elevated policy risk.
- Mixed economic data highlight resilient services growth, but the industrial recovery remains fragile.
- New BCB leadership under Gabriel Galípolo brings uncertainty to future policy and inflation-targeting.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A decent performance in early Q3, but tight financial conditions remain a threat.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Subdued pressures in August, but rising expectations cloud the near-term outlook.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Finally falling at the headline level, but politics now a key risk.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Supporting BCCh’s cautious easing stance.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s industrial production declined in July following a solid H1, and the outlook is now cautious.
- A weaker trade surplus and rising import demand point to mounting external pressures.
- Chile’s inflation rose in August; food and housing prices led the increase, due to temporary shocks.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s GDP surged 1.4% quarter-to-quarter in Q2, driven by strong industrial and service sector growth.
- Labour-market strength and government spending bolstered the economic recovery in H1…
- …But challenges loom: fiscal pressures and weakening indicators signal a potential slowdown.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Unemployment declines but economic challenges lie ahead.
Andrés Abadía (Chief LatAm Economist)Latin America
