MNI BRIEF: China SME Index Highest Since June 2021

MNI China Press Digest March 12: FDI, Cars, Retail Sales

MNI: PBOC Net Drains CNY177.8 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1696 Weds; -0.47% Y/Y

MNI NBP WATCH: Rate Hold; Projections To Give Cut Timing Clue

MNI China Daily Summary: Tuesday, March 11

MNI: JAPAN FEB CORP GOODS PRICE INDEX +4.0% Y/Y; JAN +4.2%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LATAM: Week Ahead: Banxico Rate Decision, Copom/BanRep Minutes, Jan CPI Data

LATAM
BulletEM BulletEmerging Market News
  • Besides ongoing tariff developments, focus next week will be on Banxico’s interest rate decision on Thursday, when the central bank is expected to step up the easing pace. Elsewhere, the BCB (Tuesday) and BanRep (Wednesday) are both due to publish the minutes to their recent MPC meetings. On the data front, January CPI data are released across the region, including in Chile, Mexico and Colombia on Friday.
    • Peru January CPI inflation will be published on Saturday, with the headline rate expected to edge up, but remain around the 2% target, keeping the door open to a further rate cut.
    • On Monday, Chile economic activity looks set to accelerate in December, following the stronger-than-expected retail sales and IP data. Elsewhere, the BCB publishes its usual Focus survey, which this week showed another substantial increase in inflation expectations. Latest PMI data in Brazil and Colombia, and Argentina tax revenues are also due.
    • Attention will be on the Copom minutes on Tuesday, particularly any discussion around the potential depth of the hiking cycle beyond March. Latest Mexico PMI and remittances figures are due, while Banixco publishes its economist survey ahead of Thursday’s MPC meeting. In Colombia, BanRep will release its quarterly inflation report, while December exports also cross.
    • Focus turns to the BanRep minutes on Wednesday, while Brazil December industrial production and Mexico gross fixed investment figures are the data highlights.
    • Consensus has been building towards Banxico accelerating the easing pace on Thursday, with the committee expected to cut the key rate by 50bp to 9.5%. However, amid the heightened uncertainty related to US tariffs and the associated MXN sensitivity, the decision is by no means a foregone conclusion.
    • On Friday, Chile CPI inflation is expected to rise to 4.8% y/y in January, following the latest electricity price hike. Mexico and Colombia also publish January CPI data, with the headline rate seen edging down towards 5% in the latter.
310 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Besides ongoing tariff developments, focus next week will be on Banxico’s interest rate decision on Thursday, when the central bank is expected to step up the easing pace. Elsewhere, the BCB (Tuesday) and BanRep (Wednesday) are both due to publish the minutes to their recent MPC meetings. On the data front, January CPI data are released across the region, including in Chile, Mexico and Colombia on Friday.
    • Peru January CPI inflation will be published on Saturday, with the headline rate expected to edge up, but remain around the 2% target, keeping the door open to a further rate cut.
    • On Monday, Chile economic activity looks set to accelerate in December, following the stronger-than-expected retail sales and IP data. Elsewhere, the BCB publishes its usual Focus survey, which this week showed another substantial increase in inflation expectations. Latest PMI data in Brazil and Colombia, and Argentina tax revenues are also due.
    • Attention will be on the Copom minutes on Tuesday, particularly any discussion around the potential depth of the hiking cycle beyond March. Latest Mexico PMI and remittances figures are due, while Banixco publishes its economist survey ahead of Thursday’s MPC meeting. In Colombia, BanRep will release its quarterly inflation report, while December exports also cross.
    • Focus turns to the BanRep minutes on Wednesday, while Brazil December industrial production and Mexico gross fixed investment figures are the data highlights.
    • Consensus has been building towards Banxico accelerating the easing pace on Thursday, with the committee expected to cut the key rate by 50bp to 9.5%. However, amid the heightened uncertainty related to US tariffs and the associated MXN sensitivity, the decision is by no means a foregone conclusion.
    • On Friday, Chile CPI inflation is expected to rise to 4.8% y/y in January, following the latest electricity price hike. Mexico and Colombia also publish January CPI data, with the headline rate seen edging down towards 5% in the latter.