LatAm Daily | MPR stays at 3.75% in Mexico. Colombia: April’s inflation stood at 0.5% MoM

Summary

In Mexico, the CB adopts a cautious tone as global outlook impairs and Banxico will probably synchronize with FED MP. In Colombia, April’s inflation was lower than expected. In Brazil, the minutes support our view that the Selic rate will remain at 14.25% in the next months. In Chile, economic activity rose 2.1% YoY (-0.1% MoM SA) in March thanks to services, as expected.

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