By Bertrand Delgado, Juan Lorenzo Maldonado and Alex Giron
Jul 20, 2010
8:00:00 PM
| Last Updated
EXECUTIVE SUMMARY
In Brazil, inflation and inflation expectations continue to move lower while the central bank is expected to debate a 50- or 75-basis-point hike over the next two days. In Argentina, rampant fiscal spending and sharply negative real rates, together with solid growth in Brazil, are feeding unsustainable growth levels. In Colombia, domestic demand continues to recover with consumption being the most dynamic aspect. In Peru, the central bank raised reserve requirements once again and continues massive interventions in the local FX market, while the pre-electoral[...]
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