MNI LATAM Week Ahead: Banxico Minutes & Colombia GDP
Feb-13 17:32By: Jack Lewis
Banxico+ 2
Click here to see the major data releases and events scheduled across LatAm next week, alongside our latest macro insights: LatamWeekAhead160226.pdf
- Brazil and Argentina local markets will be closed for the carnival holidays on Monday and Tuesday, alongside the US also being out for the Presidents’ Day holiday on the Monday. Brazil will then have a late open on Ash Wednesday.
- Next week’s regional calendar will be highlighted by the latest publication of Banxico minutes, following the board’s decision to pause the easing cycle on February 05. Markets will be looking for any signals surrounding how long the policy pause could last.
- In terms of data, Colombia will report fourth quarter GDP, December economic activity and trade balance figures, while Peru and Brazil economic activity data are also scheduled.
- One of the key political developments to monitor in the region will be in Colombia, where the announcement of the minimum wage decree suspension has stoked volatility in financial markets. President Petro has already called for a meeting to coordinate a new decree.
