Brazil’s retail sales in April fell more than economists forecast, as the central bank signals it will keep rates on hold amid declining confidence.
Mexico’s unexpected interest rate cut yesterday is a calculated risk to recover from the slowest growth in four years without losing control over inflation.
Brazil’s central bank signaled it may resume interest rate increases it interrupted yesterday, after presidential elections in October.
Brazil’s central bank will extend its currency intervention program as the government tries to support the real in an effort to fight above-target inflation.
"Overall we have a relatively benign inflationary backdrop, which is not surprising given how weak the economy has been."
- Alberto Ramos on Jul 09, 2014