LatAm Daily | Pause in monetary policy rate in Chile and Peru, in line with expectations
Published on Friday, July 15, 2016
LatAm Daily | Pause in monetary policy rate in Chile and Peru, in line with expectations
Summary
Chile’s CB kept both MPR at 3.5% and a moderate hawkish bias. Peru’s CB also kept MPR at 4.25% due to a more benign inflation outlook. In Brazil, the BCB’s economic activity index unexpectedly contracted by 0.5% MoM in May. We expect GDP to contract again in 2Q16 and economic stabilisation to arrive only in 2H16.
Geographies
- Geography Tags
- Latin America
- Brazil
- Peru
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Lorena Lechuga
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist