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We expect a new 25bp cut in the MPR in Peru as output remains weak, risking further deterioration in business confidence

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Published on Thursday, August 7, 2014

We expect a new 25bp cut in the MPR in Peru as output remains weak, risking further deterioration in business confidence

In Chile, we estimate a positive trade balance in July driven by the drop in imports, which reveals the deceleration in domestic demand during 3Q14. In Mexico, July’s annual inflation should come in slightly above 4% due to base effects.