RIO DE JANEIRO, BRAZIL - This week, market attention will turn to several important data for the Latin American economy. In Brazil, the focus will be on the minutes of the May 4 monetary policy meeting and inflation data for April. Retail sales will also be published.
In Argentina, the central bank will likely accelerate its tightening cycle by raising the key interest rate to 7.25% from 6.5%. The inflation rate for April will be published, which will be crucial as a rise could trigger an interest rate hike.
In Mexico, inflation is also expected to continue its upward . . .
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