Peruvian CB surprises with a pause in the MPR, but lowers the reserve requirements in soles

Summary

In Mexico, annual inflation increased above 4% in July and is expected to accelerate in the coming months before decreasing by the end of the year. In Chile, the fall in imports confirms the deceleration in consumption and investment. Today we expect July inflation to have increased in Chile and Mexican gross fixed investment to record a negative annual rate of growth in May.

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