April 26, 2024 16:29 GMT
BanRep Interest Rate Decision, Mexico GDP, Chile Economic Activity Due
LATAM
- The focus next week will be on BanRep’s monetary policy meeting on Tuesday, when the central bank is expected to deliver another 50bp cut to 11.75%. The central bank will also publish its quarterly monetary policy report on Friday. Mexico Q1 GDP, Chile economic activity and Peru CPI data will also cross.
- On Monday, Brazil will publish central government budget balance figures for March, with analysts expecting a BRL 1.7bn surplus, vs. -BRL58.4bn previously.
- The focus on Tuesday turns to the BanRep MPC meeting, where all analysts in the Bloomberg survey expect a further 50bp cut. In Brazil, the BCB will publish its weekly Focus survey, followed by March unemployment data, while Mexico will release Q1 GDP figures. Elsewhere, Chile will release activity data for March, including retail sales, IP and copper production.
- Peru will release April CPI inflation data on Wednesday, with attention on whether the headline rate returns to the BCRP’s 1-3% target range.
- Brazil March current account figures cross on Thursday, followed by March economic activity for Chile. April manufacturing PMIs will also be published across the region, while Banxico releases its latest economist survey.
- On Friday, BanRep’s quarterly monetary policy report will be published, while on the data front, Brazil March industrial production and outstanding loans and Mexico February gross fixed investment will cross.
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