Latam Week Ahead - Mexico/Brazil CPI Inflation, Peru Rates

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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 Mexico, core CPI inflation pressures are expected to have remained elevated in January, with the annual rate stuck above the target range ceiling, reinforcing Banxico’s decision to pause its easing cycle.
• Meanwhile, Brazil CPI inflation is expected to have remained within the BCB’s target range in January, despite edging higher, keeping the door open to a start of the easing cycle next month.
• On the monetary policy front, the BCRP is widely expected to remain on hold as inflation continues to track close to target.