This week, financial markets in Latin America focus on monetary decisions and economic reports. These insights reveal inflation trends and business activity.
Brazil will release its August inflation data. This info comes before a Central Bank meeting on September 20. A rate cut of 50 points might happen.
Argentina also waits for its August inflation numbers. An upcoming Central Bank meeting and October elections make the scene tense.
An 18% drop in the Argentine peso in mid-August adds worry.
In Peru, a report on July’s business activities is due. Also, the bank may cut its key interest rate to 7.5%.
The rate has stayed the same in seven earlier meetings. Colombia and Mexico will share industrial numbers for July.
More events by country and day.
News Argentina
In Argentina, we expect inflation data on September 14. Food prices and consumer goods may have gone up.
That day, the Central Bank will also meet. Despite high prices, the rate may stay the same.
News Brazil
In Brazil, the August inflation data is out on September 12. Higher costs in electricity, cars, and fuel might boost it. Food prices could fall for a third month.
News Colombia
In Colombia, retail sales for July will come out on September 15. A drop of 9.2% could happen.
High rates and a bad job market might be to blame. Also, a yearly rise of 1.7% in July’s industrial production is likely.
News Mexico
In Mexico, we’ll see July’s industrial data on September 11. A rise of 2.9% is possible. Car making may help, but high rates could slow things down.
News Peru
In Peru, the bank may cut its key rate on September 14. They will likely be cautious about future cuts.
The July business index comes out on September 15. A yearly drop of 0.4% is expected, mainly due to mining. El Niño adds risk.
This week is full of key money matters in Latin America. These events will shape investor views and future bank moves.