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Retail sales in Brazil surprised to the upside, in line with the positive contribution to GDP of private consumption

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Published on Thursday, January 15, 2015

Retail sales in Brazil surprised to the upside, in line with the positive contribution to GDP of private consumption

In a difficult context in Peru, we believe the MPR will be left unchanged. On the one hand Product recovery took longer than expected, but a possible rate cut would put pressure on the local currency affecting corporates and households with a currency mismatch.