This week in Latin America, key economic developments are on the horizon, with Colombia’s central bank decision and Chile’s economic activity data in focus.
Colombia: Central Bank Decision
Colombia’s central bank is expected to cut its benchmark interest rate to 10.25% from 10.75%, continuing a cycle of easing that began in December.
The meeting outcome on Thursday, October 3, may reveal unanimous support for further rate cuts due to current economic conditions.
Chile: Economic Indicators
Chile will release retail sales and industrial production figures, with experts forecasting growth in both sectors for August 2024.
The Economic Activity Index is also set to be published, signaling growth driven by manufacturing and services.
Peru: Inflation Data
Peru’s inflation data for September is anticipated to exceed forecasts but remain within target range, impacting monetary policy decisions.
Mexico: Presidential Inauguration and Investments
Mexico will witness the inauguration of President Claudia Sheinbaum and release Gross Fixed Investment data for July, reflecting investment trends post-election.
Stay updated on the economic landscape of Colombia, Chile, Peru, and Mexico!