Latin America Rapid Response

Brazil Interest Rate Announcement (Nov. 2026)

The statement accompanying the Brazilian central bank’s decision to keep the Selic rate unchanged at 13.75% signalled that further easing isn’t imminent. A resumption of the cycle is plausible next...

4th November 2026 · 2 mins read

Latin America Rapid Response

Mexico GDP (Q3 2026 Provisional)

The 0.9% q/q rise in Mexico’s GDP in Q3 confirms that the economy has maintained good momentum and we think that the tone of Banxico’s communications at next week’s meeting will be much less dovish...

30th October 2026 · 2 mins read

Latin America Rapid Response

Brazil IPCA (Sep. 2026)

The rise in Brazilian inflation in September, to 4.6% y/y, was largely driven by the unwinding of the electricity discount in August and is unlikely to worry the central bank. We think an interest...

9th October 2026 · 2 mins read

Latin America Rapid Response

Mexico Consumer Prices (September 2026)

The rise in Mexico’s headline inflation to 3.5% y/y last month is likely to be followed by further increases. While this is partly a result of a rebound in food inflation, sticky services inflation...

8th October 2026 · 2 mins read

Latin America Rapid Response

Mexico Interest Rate Announcement (Sep. 2026)

Mexico’s central bank (Banxico) left interest rates unchanged again today, at 6.50%, and the communications suggest that Banxico is likely to remain on hold. But we think the balance of factors will...

24th September 2026 · 2 mins read

Latin America Rapid Response

Brazil Interest Rate Announcement (Sep. 2026)

Brazil’s central bank (BCB) delivered another 25bp interest rate cut today, to 13.75%, but the absence of hawkish surprises challenges the consensus view that today’s meeting would deliver the last...

16th September 2026 · 2 mins read

Latin America Rapid Response

Brazil IPCA (Aug. 2026)

The slightly larger-than-expected fall in Brazilian inflation to 4.2% y/y in August was driven by a temporary drop in household energy prices. But even so, it keeps the door open for the central bank...

11th September 2026 · 2 mins read

Latin America Rapid Response

Mexico Consumer Prices (August 2026)

The rebound in Mexican inflation (to 3.3% y/y) has further to run in the coming months and we think the headline rate will end this year above Banxico’s projections this year. Combined with the Fed...

9th September 2026 · 2 mins read

Latin America Rapid Response

Brazil GDP (Q2 2026)

The slowdown in Q2 GDP growth in Brazil, to 0.5% q/q, is likely to be followed by a softer second half of the year and we think the door remains open for another 25bp interest rate cut later this...

1st September 2026 · 2 mins read

Latin America Rapid Response

Colombia GDP (Q2 2026)

The strong 1.3% q/q expansion in Colombian GDP in Q2, alongside continued above-target inflation, means that BanRep is likely to deliver an interest rate hike in September (having paused in July).

18th August 2026 · 2 mins read

Latin America Rapid Response

Chile GDP (Q2 2026)

The surprisingly poor Q2 GDP outturn in Chile (output was flat in q/q terms), coming alongside the recent fall in inflation will reduce any pressure on the BCCh to tighten monetary policy and we now...

18th August 2026 · 2 mins read

Latin America Rapid Response

Brazil IPCA (Jul. 2026)

The drop in Brazilian inflation in July, to 4.4% y/y, leaves the door open for the central bank to continue its easing cycle with a 25bp cut at its next meeting in September.

11th August 2026 · 2 mins read

Latin America Rapid Response

Mexico Interest Rate Announcement (Aug. 2026)

Mexico’s central bank (Banxico) kept its policy interest rate on hold at 6.50% at today’s meeting and the overall communications were only marginally more hawkish than in June.

6th August 2026 · 2 mins read

Latin America Rapid Response

Brazil Interest Rate Announcement (Aug. 2026)

Brazil’s central bank (BCB) lowered interest rates by another 25bp today, to 14.00%, but the communications provided a fairly hawkish message on inflation and a signal that the door for further easing...

5th August 2026 · 2 mins read

Latin America Rapid Response

Mexico GDP (Q2 2026 Provisional)

The larger-than-expected 1.5% q/q expansion in Mexico’s GDP partly reflected a recovery after Q1’s fall, and it won’t change the outcome of next week’s central bank meeting (a hold at 6.50% is all but...

30th July 2026 · 2 mins read