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AMLO to Present Latest Stage of Inflation-Targeting Measures

LATAM
  • MEXICO: AMLO is due to present the latest plans on protecting consumers from excessive cost increases this morning in his daily news conference.
  • CHILE: Economic activity data for August came in well ahead of expectations at 0.0% on the month vs. Exp. -1.5% and +0.6% on the year vs. Exp. -0.7%.
  • PERU: A congressional subcommittee is due to meet Monday in order to discuss a constitutional complaint made against both the President Castillo as well as five named Peruvian lawmakers.
  • COLOMBIA: President Petro has spoken in favour of changing the country’s medium-term fiscal plan in order to allow for the purchase of farmland as part of a 2016 deal being pursued by the oversight commission. Current fiscal plans look for a cutting of Colombia’s fiscal deficit to 3.6% of GDP next year from 5.6% in 2022, thereby reducing government debt to 55% of GDP by 2024 from 61% last year.

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