LatAm Daily | Preliminary GDP growth in Chile points to 2% in 2015; downward bias for 2016

In Brazil inflation surprised to the upside; we revised our forecast for inflation upwards at the end of 2016 to 6.8%, but we continue to see the Selic stable at 14.25% for a long period. In Colombia El Niño drives up inflation; we expect a downward trend in inflation over the course of the year although not enough to return it to the target band by the end of the year.

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