Chilean central bank cut the MPR by 25bp and kept its dovish bias; further stimulus would be necessary for the rest of the year

Summary

Renewed disappointing GDP growth in Peru reflects the weakness of primary sectors. In this scenario the likelihood of further cuts in MPR in August has increased. In Brazil, we expect the BCB to keep the MPR unchanged at today’s meeting and expect a stable perspective for the rest of the year.

Geographies

Topics