LatAm Daily | In Brazil economic activity declined again in December

Summary

According to the IBC-Br, activity dropped 0.5% MoM in December, reinforcing the prospect of another GDP contraction in 4Q15. In Mexico the minutes of the last MP meeting showed that the risk balance has deteriorated even though inflation expectations remained anchored. Today we expect an increase in MPR in Colombia of 25bp taking the repo rate up to 6.25%.

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