Latin America Publications
Below is a list of our Latin America 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.
- Chile’s central bank cut by a steady 25bp, despite choppy external conditions.
- Subdued inflation pressures and sluggish economic activity point to further easing, to neutral…
- …But volatile external trends, potentially hitting the CLP and fiscal accounts, are a key threat.
Andrés Abadía (Chief LatAm Economist)Latin America
- Economic activity is slowing as financial conditions tighten and agricultural output was hit by drought.
- Peru’s economic recovery is gaining momentum, driven by a strong labour market and mining output.
- Chile’s BCCh will cut rates but likely adopt a cautious approach, as geopolitical noise is mounting.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil — Fiscal reset amid policy shifts
- Mexico — Sheinbaum’s pragmatic economic shift?
- Colombia — Increased political noise hurting the economy
Andrés Abadía (Chief LatAm Economist)Latin America
- BCRP held interest rates steady, despite the recent improvement in inflation and economic uncertainty.
- Global geopolitical noise and unfavourable base effects have pushed policymakers to the sidelines.
- Mexico's industry is struggling amid construction issues and weak manufacturing demand.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: On hold, as inflation likely to increase marginally in Q4 due to base effects.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Hit by falling construction activity.
Andrés Abadía (Chief LatAm Economist)Latin America
- Inflation in Mexico continues to decline, fueling expectations for further rate cuts from Banxico.
- More rate cuts are on the horizon, but their pace and magnitude remain up for debate within Banxico.
- Factors like agricultural price rebounds and external pressures could complicate the inflation outlook.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s inflation data show subdued pressures but rising risk from oil prices and drought conditions.
- The retail sales decline signals economic headwinds as Brazil faces tighter financial conditions ahead.
- Banxico will keep cutting interest rates in Q4 as the inflation picture continues to improve.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Subdued inflation pressures, allowing Banxico to cut rates further.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A benign inflation report despite a number of threats.
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexico — Global issues and politics the key drags
- Colombia — Subdued due to fiscal noise
- Chile — Markets rise amid economic optimism
Andrés Abadía (Chief LatAm Economist)Latin America
- The gradual easing of inflation pressures continues in Colombia, despite temporary upside shocks.
- Political uncertainty and minimum-wage talks complicate BanRep’s ability to accelerate rate cuts.
- Chile’s inflation slowed in September, paving the way for further rate cuts amid energy-tariff uncertainty.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s exports are struggling as weak prices hit the mining/oil sectors and overall trade performance.
- Imports have surged, for the wrong reasons; domestic demand will ease soon.
- Domestic and external challenges are weighing on Mexico’s growth outlook.
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexico’s new president, Claudia Sheinbaum, has the chance to reshape policies and enhance capex.
- She must address drug-related violence, energy policies and maintain strong ties with the US.
- Proposed reforms spark concerns over increased executive power and its impact on key institutions.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s industrial output inches up in August, highlighting ongoing economic challenges.
- Moody’s upgrades Brazil’s credit rating, boosting confidence in economic reforms.
- Peru’s inflation rate drops to 1.8%, paving the way for further interest rate cuts.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A modest recovery but downside risks persist.
Andrés Abadía (Chief LatAm Economist)Latin America
- Colombia’s BanRep cut interest rates again, signalling continued easing amid falling inflation.
- The Board adopted a more dovish stance, paving the way for an accelerated normalisation, if needed.
- Chile’s IMACEC index is sending mixed signals;mining shows signs of life but services struggle.
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
- Brazil’s unemployment rate drops to record low, indicating tight labour market conditions….
- …But economic indicators suggest potential job market slowdown as tight financial conditions bite.
- Chile’s August economic data was strong, yet leading indicators signal caution for future growth.
Andrés Abadía (Chief LatAm Economist)Latin America
