Latin America Publications
Below is a list of our Latin America Publications for the last 5 months. If you are looking for reports older than 5 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.
Chartbook Datanotes Weekly Monitor
- In one line: Inflation jumped on fuel prices, but underlying pressures remained contained.
- In one line: Industrial activity continues to recover, but momentum remains fragile.
- In one line: Banxico cuts rates, likely ending the easing cycle.
- In one line: Core inflation remains sticky, keeping Banxico cautious.
- In one line: Activity is stabilizing at the margin, but the industrial sector remains a clear drag.
- BanRep’s unanimous hold risks misinterpretation as inflation rises; the policy stance is behind the curve.
- Rising expectations and resilient demand expose insufficient tightening, reinforcing the need for more.
- Fiscal slippage and market repricing tighten conditions independently, increasing pressure ahead.
- In one line: BanRep pauses, but credibility questions linger.
OIL SHOCK FEEDS INTO INFLATION, DELAYING EASING CYCLES
- DISINFLATION STALLS, CENTRAL BANKS TURN MORE CAUTIOUS
- In one line: Activity contracted sharply in Q1, and the outlook is difficult.
- In one line: The oil shock is now feeding through more forcefully into headline inflation.
- In one line: Labour market holds up, but activity is weakening.
- In one line: Disinflation is slow, and demand is beginning to weaken.
- IGAE data in Mexico confirm slowing growth, with industry weak and services losing support.
- Labour market remains tight, but employment growth slows as activity weakens and capex stays subdued.
- Banxico will ease gradually, as weaker growth builds slack but inflation keeps policy restrictive.
- Consumption remains resilient in Brazil, but mostly in essentials; discretionary spending is struggling.
- Rising oil prices increase inflation risk, forcing a slower and more cautious monetary easing path.
- Growth is holding up, but momentum is fading as activity becomes less broad-based and more fragile.
- In one line: Activity remains firm, but momentum is clearly slowing.
- In one line: A modest rebound, but underlying demand remains weak.
- Fuel and food drove inflation in Brazil, but broader price pressures are now beginning to emerge.
- Disinflation persists in parts of the basket, but momentum is slowing and becoming uneven.
- The COPOM will continue easing cautiously, as higher inflation and risks limit scope for aggressive cuts.
- BanRep raised rates last week, as inflation remains persistent and expectations are still de-anchored.
- Institutional tensions between the government and central bank risk undermining BanRep’s credibility.
- Fiscal fragility and external shocks also reinforce the need for a prolonged restrictive stance going forward.
- In one line: BanRep hikes again, doubling down on credibility.
IRAN-WAR SHOCK COMPLICATES LATAM EASING CYCLE
- OIL-DRIVEN INFLATION DELAYS POLICY NORMALISATION
