Published on Friday, July 15, 2016
LatAm Daily | Pause in monetary policy rate in Chile and Peru, in line with expectations
Summary
Chile’s CB kept both MPR at 3.5% and a moderate hawkish bias. Peru’s CB also kept MPR at 4.25% due to a more benign inflation outlook. In Brazil, the BCB’s economic activity index unexpectedly contracted by 0.5% MoM in May. We expect GDP to contract again in 2Q16 and economic stabilisation to arrive only in 2H16.
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- Latin America
- Brazil
- Peru
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- Macroeconomic Analysis
Documents and files
Authors
ED
Enestor Dos Santos
BBVA Research - Principal Economist
LL
Lorena Lechuga
HP
Hugo Perea
BBVA Research - Chief Economist
CP
Cecilia Posadas
BBVA Research - Principal Economist
JS
Jorge Selaive
CS
Carlos Serrano
BBVA Research - Chief Economist
JT
Juana Téllez
BBVA Research - Chief Economist