04/18/2012

90年代地方债务集中：巴西稳定的关键一步

04/17/2012

The evolution of sub-national debt in the 90’s: an unsustainable path

04/16/2012

Due to an impressive expansion in state-owned commercial and development banks, public credit now represents about 44% of total in Brazil, in comparison to 34% in 2007.

Brazil Economic Watch: ''The increasing power of public sector banks in Brazil: back to the past?'' (Chinese version)

01/20/2012

The monetary authorities in Brazil and Mexico maintained their monetary policies, in both cases in line with market expectations. In the case of Brazil there was a cut of 50 basis points, leaving the SELIC at 10.5%, while in Mexico the rate remained at 4.5%. At the same time, the data on economic activity in Brazil, Colombia and Peru confirm the strength of domestic demand. In the case of Colombia, this is also reflected in the indicators of confidence.

01/13/2012

The inflationary surprise in Mexico follows those last week in Chile and Colombia, thus it freezes the enthusiasm to reduce interest rate. This fact was confirmed by the decision of the Central Bank of Peru where interest rate remains unchanged. However, the exception was Chile where the Central Bank reduced interest rate by 25 bp, a decision in line with the Monetary Policy Report presented last week.

05/09/2012  Macroeconomic Analysis

Inflation dropped to 5.1%y/y in April from 5.2%y/y in March, but the decline was not as significant as expected(consensus and BBVA were at 5.0%y/y).

05/04/2012  Macroeconomic Analysis

The government decided to face the political costs of changing the rules governing the remuneration of the poupança (the most popular form of savings accounts in the country).