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1st Jul 2024 17:18Latin AmericaDaily Monitor

  • BanRep has cut rates in a split decision, balancing inflation concerns with growth expectations.
  • We expect further rate cuts in H2, assuming stable policy/political risk and benign external conditions.
  • The labour market remains resilient, but weakening key sectors indicate challenges ahead.

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Keywords for: 2 July 2024 LatAm Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence