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LatAm Weekly

Markets Reassess Brazil's Tightening Cycle to the Downside

By Bertrand Delgado, Juan Lorenzo Maldonado and Renzo Merino
Feb 18, 2011 7:00:00 AM | Last Updated

EXECUTIVE SUMMARY

  • Brazil: Recent not-so-encouraging economic growth data, coupled with better-than-expected fiscal efforts, and perhaps balancing inflation expectations, are making markets review downward their aggressive view of rate hikes in 2011.
  • Chile: The central bank has reinitiated the tightening cycle and maintains a data-dependent tone with a hawkish bias.
  • Colombia: The trade surplus narrowed in 2010 from 2009 as a result of an overvalued currency and Venezuela’s ban, despite favorable terms of trade.

 

Brazil: Softening Economic Activity

By Bertrand Delgado and Renzo[...]

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