Latam Daily| Unchanged MPR in Chile and Peru, both CBs highlight weak economic activity

Summary

A sharp drop in retail sales in Brazil, influenced by high inflation. In Chile the neutral tone was maintained in the statement; with no changes expected in the MPR in the remainder of the year. In Peru, the CB emphasised that inflation expectations are in the target range. In Colombia retail sales and industrial production point to low economic growth in 1Q15.

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