Publications

Here are all of our publications listed chronologically. You can also find the publications relating to single geography under “Publications by geography” or narrow down your search using the “Advanced filter”.

Latest publications about Latin America

Colombia | Inflation increases in July, to 4.9%

11 August 2025

Monthly inflation in July stood at 0.28%, exceeding analysts’ expectations. As a result, the annual inflation rate rose to 4.9%, marking an 8 basis point increase compared to June’s figure. This outcome was mainly driven by an acceleration in the inflation of perishable food items.

Peru | Special Economic Zones (SEZ)

9 August 2025

Peru is close to passing a law that establishes the framework for Private Special Economic Zones. This document reviews selected international experiences with such zones. The proposed regulatory framework appears to lack sufficient emphasis on key factors that would be critical to ensuring the success of this initiative.

Colombia | Monetary Poverty 2024: Decline Driven by Improved Economic Performance

8 August 2025

Poverty stood at 31.8% in 2024, down from 34.6% in 2023 – a reduction of 2.8 percentage points. This means 1.3 million people exited poverty between 2023 and 2024. Overall, between 2012 and 2024, poverty decreased by 9.2 pp, falling from 41% to 31.8%.

Peru | Tracking consumption with real-time data in July 2025

8 August 2025

The Big Data Private Consumption Index moderated its growth once again in July (2.3% y/y compared to 3.0% y/y in June and 15.6% y/y in May).

Mexico | Yearbook of Migration and Remittances 2025

6 August 2025

The Yearbook of Migration and Remittances Mexico 2025 reaffirms the ongoing commitment of BBVA Research, BBVA Foundation and CONAPO to present a rigorous and informative work on the main national and international trends surrounding migration and remittance flows.

Colombia | Good labor market performance through June

4 August 2025

The unemployment rate has declined throughout 2025, reaching 8.6% in June, equivalent to 8.9% after seasonal adjustment. This reduction has been supported by strong employment growth, mainly in smaller urban areas and rural regions, and largely driven by informal jobs.

Peru | Inflation in July remains low, with a seasonal rise due to national holidays

1 August 2025

Consumer Price Index (CPI) increased by 0.23% in July 2025, in line with expectations. As a result, year-on-year inflation remained at 1.7% comfortably within the Central Bank's target range. Core inflation, which excludes food and energy also stood at 1.7%.

Colombia | Policy Rate Held Steady at 9.25% in July, in a Split Decision

1 August 2025

In July, the Central Bank of Colombia kept the policy rate at 9.25% in a split decision. Although headline inflation eased slightly and economic activity showed more momentum, the Board highlighted the stability of core inflation and inflation expectations, as well as strong domestic demand, justifying a restrictive stance.

Colombia | Recharged Consumption: The Drivers Behind the Momentum

29 July 2025

Household spending has emerged as Colombia’s main growth engine in 2025, driven by rising income, improving credit, strong remittances, and renewed consumer confidence. Despite early signs of labor market cooling, consumption remains the key economic driver.

Peru | Economic growth tends to recover after the April dip

15 July 2025

GDP grew by 2,7 % year-on-year in May, exceeding both the market consensus (2,1 %) and April’s print (1,4 %). The non-primary component increased by 3,2 %, while the primary one once again declined, mining and fishing in particular.

Colombia | Bre-B: The new era of payments, free, instant, and for everyone in Colombia

11 July 2025

In the second week of September, Bre-B, the new low-value payment system developed by the Central Bank of Colombia (Banco de la República), will become operational. Its value proposition includes the ability to make payments and transfers that are free, secure, and easy between individuals and businesses.

Peru | Monetary pause continues in July

11 July 2025

At its July meeting, the Central Bank's Board held its benchmark interest rate at 4.50%. In real terms, the rate remains close to the neutral rate.

Individual publications may only be downloaded for technical reasons to allow a more complete, rigorous and individual reading of the publications. In this regard, only a brief summary, mention or reference to the publications is permitted and only when all the following conditions are met: (i) it is not for commercial purposes (not even indirect commercial use, e.g. to attract advertising to your website); (ii) a statement is included that BBVA Research is the author and owner; and (iii) a precise and complete link to the URL where the publication is available is included on this website. +info