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MEXICO – Moderation in the non-core component helps December CPI annual print
Bi-weekly headline CPI came at 0.42% in the first half of December, between Bloomberg’s market consensus (0.36%) and our forecast (0.46%). Core inflation rose 0.50% (market: 0.47%, Itaú: 0.55%), due ...
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MEXICO – Deficit in November’s trade balance
The trade balance in November surprised with a deficit of USD 133 million, while Bloomberg’s market consensus was a surplus of USD 500 million. On a 12-month rolling basis, the trade deficit reached ...
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MEXICO – October’s Monthly GDP affected by supply shocks
Economic activity grew 0.72% YoY in October, close to our estimate (0.78%) and higher than Bloomberg’s market consensus (0.40%). By sectors, services increased 2.7% YoY, with 11 out of 14 subsectors ...
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Análises Econômicas | Brasil
11/05/2021 Com recuperação parcial do mercado de trabalho, não vemos pressão inflacionária de demanda via dinâmica salarial.
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COLOMBIA – Monetary Policy Meeting: BanRep surprised with a smaller 25bp cut to 9.50%
In a hawkish twist, BanRep cut the policy rate by 25pb, below market consensus and our call for a 50bp cut. The smaller cut is the first time the Board slows the pace of the easing cycle (50bp pace ...
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ARGENTINA – Activity expanded sequentially at the beginning of 4Q24
Activity rose sequentially in October. According to the EMAE (official monthly GDP proxy), economic activity expanded by 0.6% MoM/SA in October, following a revised 0.0% MoM/SA growth in September ...
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MEXICO – Monetary Policy Decision: 25-bp rate cut in a (surprising) unanimous decision
In a unanimous decision, Banco de Mexico (Banxico) cut its policy rate by 25-bp, to 10.0%, in line with the Bloomberg’s consensus, but lower than our 50-bp call. The one-year real ex-ante rate of 6.0% ...
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ARGENTINA – Higher-than-expected trade surplus in November
The trade balance reached a surplus of USD 1.2 billion in November, well above the USD 0.6 billion deficit registered in the same month of 2023. The surplus was above market expectations according to ...
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MEXICO – Positive data from aggregate supply and demand in 3Q24
3Q24 aggregate supply and demand rose 2.3% YoY NSA (Bloomberg: 2.3%, prior: 2.1%). While the rise was broad-based, exports (8.0% YoY) were the highlight of the quarter, mainly due to the exchange rate ...
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COLOMBIA – Trade deficit widened slightly in October
The trade deficit in October came in at USD 1.1 billion, widening by USD 0.1 billion with respect to October 2023. The trade deficit was slightly above the Bloomberg market consensus of USD 1.0 ...
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CHILE – Monetary Policy Report: Domestic demand weakness projected to eventually drive inflation down
The BCCh’s 4Q24 IPoM revised inflation up again, moderated domestic demand growth, and projects a slightly higher policy rate path. Inflation … déja vu. Inflation was revised up, yet again, due to the ...
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Itaú Asset lança dois novos ETFs para o mercado brasileiro
O B3BR11 (Renda Variável) e o IDKA11 (Renda Fixa) ampliam a oferta de produtos e oferecem novas possibilidades de alocações para os investidores Novembro, 2024 – A Itaú Asset, gestora de recursos do ...