Monetary authorities in several Latin American countries indicated a cautious approach to further easing amid mixed growth signals and currency dynamics.
Inflation trends
Headline inflation moderated in some markets while core pressures persisted elsewhere.
Growth and labour
Export performance and employment data show uneven momentum across sectors.
Currency dynamics
FX movements reflect commodity prices and external financing conditions.
Credit conditions
Banks report steady lending while monitoring consumer segments.
Policy communication
Committees emphasise transparency and forward guidance to anchor expectations.
Key context
- Fiscal positions and debt paths influence room for monetary easing.
- Food and energy prices remain key drivers of volatility.
- Macroprudential tools are being reviewed for targeted risks.
Outlook
Stakeholders expect incremental progress over the next two quarters, with delivery milestones shaping public expectations and budget decisions.
