LatAm Daily | Upward surprise in inflation in Peru; CBs continue to exhibit a hawkish tone

In the last few days, during the holidays season, data for Peru showed that inflation closed 2015 at 4.4% YoY, reinforcing the prospects of further monetary tightening. Recent communication by BanRep and Banxico also suggested that extra interest rate hikes will be announced soon. In Brazil additional fiscal deterioration makes a Selic hike more likely.

Authors

Geographies

Topics