Mexico’s central bank will probably keep its benchmark interest rate unchanged today as rising world commodities prices and weather damage to domestic corn crops show no sign of fueling domestic inflation.
Argentina may post a current account deficit for the first time in a decade next year, raising concern that the peso will weaken further and become Latin America’s worst-performing currency for a third-straight year.
Peru’s central bank will probably keep its benchmark lending rate at a record low for a ninth month as policy makers have leeway to bolster the economy’s recovery with inflation remaining below their target.
Mexico’s central bank kept its benchmark interest rate unchanged for a tenth straight meeting as policy makers noted that domestic demand has been weak and the peso faced volatility stemming from Europe’s debt crisis.
Colombia’s trade spat with Venezuela is “a blessing in disguise” that may help President-elect Juan Manuel Santos achieve his goal of quickening economic growth to 6 percent a year, said David Duarte , an analyst at research company 4Cast Inc.
Traders are moving closer to betting Alexandre Tombini will be the first Brazilian central bank president in more than a decade to keep the benchmark interest rate unchanged at his first policy meeting.
Mexico’s central bank extended its longest-ever interest rate pause today as benign inflation gives policy makers room to bolster domestic demand that hasn’t fully recovered from the global financial crisis.