LatAm Daily | Some improvement in May’s external sector figures in Chile

Summary

Trade balance showed a surplus of USD 745M in May, driven by exports due to positive contributions from manufacturing and agriculture. However, the main reason behind is related to the calendar effects. Today in Brazil we expect the BCB to leave the Selic rate unchanged at 14.25% during its MP meeting, and data on May’s inflation in Brazil and Chile will be released.

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