Central banks’ activity in LatAm space – BBH

Analysts at BBH have noted the upcoming central banks’ meetings ahead in the week in the LatAm space.

Key Quotes

“Chilean central bank meets Thursday and is expected to keep rates steady at 3.5%.  CPI rose 4.2% y/y in June, slightly above the 2-4% target range but still converging.  We think the tightening cycle has ended, as the economic outlook remains soft along with low copper prices”.

“Peruvian central bank meets Thursday and is expected to keep rates steady at 4.25%.  CPI rose 3.3% y/y in June, slightly above the 1-3% target range but still converging.  We think the tightening cycle has ended”.