Latam Week Ahead: Brazil Interest Rate Decision, BCCh Minutes

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Our Latam Week Ahead document highlights the major data releases and events scheduled across Latam next week. The document also includes the most pertinent macro developments over the past week.

• In Brazil, the BCB is expected to deliver a fifth consecutive 25bp Selic rate cut to 13.75% on Wednesday, following recent soft inflation and economic activity data. With inflation expectations still unanchored, however, and risks that the Copom could pause the easing cycle soon, focus will be on any signals it may provide for subsequent meetings in November and beyond.
• Elsewhere, the BCCh minutes are likely to reiterate the central bank’s cautious messaging and expectations for a prolonged hold ahead, after leaving rates unchanged earlier this month.
• In Argentina, Q2 GDP data look set to reveal a contraction in the economy over the second quarter.