LatAm Daily | Lower inflation in Brazil at the start of June

Summary

Thanks to less pronounced adjustments in food and regulated prices, as well as to the impact of the contraction of domestic demand, inflation dropped to 8.98% at the start of June. This reinforces our view that price pressures will ease during 2H16. Moreover, today in Colombia we expect BanRep’s Board to increase its MPR by 25bps, taking the repo rate to 7.5%.

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