LatAm Daily | Chile and Mexico increase their policy rates by 25bp

Summary

In Chile, the MPR hike surprised part of the markets and the CB’s communiqué stated that the pace of future adjustment will be gradual and data dependent. On the other hand, Banxico increased its MPR as expected due to the risks that the Fed’s rate hike could pose to inflation and its expectations. Unemployment in Brazil decreased in November due to seasonal factors.

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