Latam Daily | COPOM refrains from signalling that the tightening cycle is over

As expected, the central banks of Chile and Peru kept their interest rates on hold at 3.0% and 3.25% respectively. Moreover, we do not expect any changes in the monetary policy of either country for the remaining of the year. In Mexico, industrial production dropped 0.1% in April due to the sluggish performance of the mining and utilities sectors.

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