LatAm Daily | Surprise hike in the MPR in Peru of 25bp in September

Summary

The CB unexpectedly raised the MPR to 3.5% due to the risk of de-anchoring inflation expectations; we expect another 25bp hike in the rest of the year. The Colombian economy grew 3% in 2Q15, slightly above the previous quarter; we expect an orderly moderation going forward. Inflation eased in August in Brazil and the COPOM sees it converging to its target in 2016.

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