MNI Latam Week Ahead - BCCh, BCB and BanRep Rate Decisions
Jan-23 17:47By: Keith Gyles
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 Chile, the BCCh is widely expected to keep its reference rate unchanged at 4.50% on Tuesday, as it gives itself time to assess incoming data and ensure that inflation remains on track to converge to target, before cutting again.
- In Brazil, the Copom is expected to leave the Selic rate unchanged at 15.00% for a fifth successive meeting, with focus on the forward guidance for any signals that it is opening the door to a potential rate cut at the subsequent meeting in March.
- Meanwhile, BanRep is expected to deliver a 50bp hike to 9.75% in Colombia as it begins what is expected to be a front-loaded hiking cycle in the face of mounting inflation pressures.
