Latin America Rapid Response

Brazil IPCA (June 2026)

The small fall in Brazilian inflation to 4.6% y/y in June means that another 25bp interest rate cut at Copom’s August meeting is still in play.

10th July 2026 · 2 mins read

Latin America Rapid Response

Mexico Consumer Prices (June 2026)

The larger-than-expected fall in Mexican inflation, to 3.4% y/y in June, will be welcomed by Banxico and means that interest rates will remain on hold in the near term. That said, we think June...

9th July 2026 · 2 mins read

Latin America Rapid Response

Colombia Interest Rate Announcement (June 2026)

30th June 2026 · 2 mins read

Latin America Rapid Response

Mexico Interest Rate Announcement (Jun. 2026)

25th June 2026 · 1 min read

Latin America Rapid Response

Mexico Bi-Weekly CPI (Jun. 2026)

The larger-than-expected fall in Mexican inflation, to 3.6% y/y in the first half of June will further ease any pressure on Banxico to raise interest rates in the near term. And the statement at...

24th June 2026 · 2 mins read

Latin America Rapid Response

Brazil Interest Rate Announcement (Jun. 2026)

Brazil’s central bank cut interest rates by another 25bp today, to 14.25%, and the accompanying statement appears to leave the door open to further rate cuts.

17th June 2026 · 2 mins read

Latin America Rapid Response

Brazil IPCA (May 2026)

The rise in Brazilian inflation to 4.7% y/y in May keeps next week’s Copom meeting finely balanced between a hold and a 25bp cut. On balance, we think that the former is more likely.

12th June 2026 · 2 mins read

Latin America Rapid Response

Mexico Consumer Prices (May 2026)

The larger-than-expected fall in Mexican inflation, to 3.9% y/y in May, will be welcomed by Banxico and means that the policy rate is likely to remain at 6.50% in the foreseeable future.

9th June 2026 · 2 mins read

Latin America Rapid Response

Brazil GDP (Q1 2026)

The acceleration in GDP growth in Brazil, to an above-consensus 1.1% q/q in Q1, comes alongside a further increase in inflation and a continued strong labour market at the start of the year, and is...

29th May 2026 · 2 mins read

Latin America Rapid Response

Chile GDP (Q1 2026)

Chile’s economy contracted by a larger-than-expected 0.3% q/q in Q1, but the central bank will be more worried about rising inflation. And while our base case is that the policy rate will remain on...

18th May 2026 · 2 mins read

Latin America Rapid Response

Colombia GDP (Q1 2026)

The 0.6% q/q rebound in Colombian GDP in the first quarter – and particularly strong growth in consumer spending – adds to reasons to think that the central bank will opt for at least one more...

15th May 2026 · 2 mins read

Latin America Rapid Response

Brazil IPCA (Apr. 2026)

The rise in Brazilian inflation to 4.4% y/y in April shouldn't prevent the central bank (BCB) from continuing with its cautious monetary easing cycle. We expect 25bp interest rate cuts at each of the...

12th May 2026 · 2 mins read

Latin America Rapid Response

Mexico Interest Rate Announcement (May 2026)

Mexico’s central bank (Banxico) made clear in its communications today that its 25bp interest rate cut, to 6.50%, marks the last in the cycle. We think this is now likely to be followed by a prolonged...

7th May 2026 · 2 mins read

Latin America Rapid Response

Mexico Consumer Prices (Apr. 2026)

The small fall in Mexican inflation (both headline and core) last month, taken together with the decline in GDP in Q1, gives policymakers at the central bank room to deliver one final 25bp rate cut in...

7th May 2026 · 2 mins read

Latin America Rapid Response

Mexico GDP (Q1 2026 Provisional)

The larger-than-expected 0.8% q/q contraction in Mexico’s GDP was driven by broad-based weakness across all main sectors and strengthens the case for a 25bp cut at Banxico’s meeting next week.

30th April 2026 · 2 mins read