LatAm Daily | Brazil’s retail sales support our tepid view on private consumption

June core retail sales fell 0.4% MoM as expected. The broad indicator dropped 0.8%. Chile’s expectation survey depicted a gloomier outlook with GDP growth revised downwards and inflation revised upwards although LT inflation expectations remain anchored to the CB’s target. Today, there will be the monetary policy meetings in both Chile and Peru; we don't expect any changes

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