LatAm Daily | In Brazil, BCB sees a larger drop of GDP and higher inflation in 2016

Summary

In Brazil, the BCB expects GDP to decline 3.5% and inflation to reach 6.6% in 2016. Moreover, it revealed that a monetary easing is not imminent. Moody’s maintains the rating of Mexico but changed outlook from stable to negative. In Chile, the unemployment rate increased slightly in February and in Colombia, urban unemployment rose less than expected.

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