Tag: Latin America

Mexico's central bank governor Victoria Rodriguez Ceja is still considering whether or not to implement an interest rate hike that is lower than last month's 50 basis point hike. The governor, who was attending the country’s annual banking convention, stated that "Banxico" will consider...

Latin American currencies strengthened against the dollar on Monday as investors looked toward Fed Chair Jerome Powell's testimony for clues on the direction of the Federal Reserve's interest rate policy going forward. MSCI's index for Latam currencies was up 0.3% on Monday afternoon, with...

Omar Meija, the newly-appointed deputy governor of the Bank of Mexico, stated on Wednesday that the central bank could decide to slow down the rate of its interest rate increase. He claimed that one such action could enable the Mexican economy to grow this...

Rodrigo Mariscal, chief economist and head of the economic planning unit of Mexico's finance ministry, has stated that his nation's economic forecast for 2023 is looking better than what many economists had predicted. Currently, the forecast falls in line with the 3% growth that...

Brazilian government agency IBGE released data on Friday that indicated a 0.76% rise in Brazil's IPCA-15 consumer price index in the month to mid-February, beating expectations. Economists polled by Reuters expected a 0.72% increase. February's consumer price index movements far exceed January's 0.55% rise, while...

Brazil's Labor Ministry released its formal net jobs creation data on Tuesday, showing a net gain of 159,454 jobs for the month of October. This is below analysts' expectations, with a Reuters poll of economists forecasting a net gain of 238,000 jobs. In addition to...