Inflation in Brazil is always news. For the month of January, it slowed down to its lowest level in the past 11 months, in line with information from the Central Bank that consumer prices are under control. It also opens the door for further interest rate cuts.
As of January 2012 and for the past 12 months, the accumulated Brazilian CPI reached 6.22% adding to four months of consecutive deceleration. The Real is bellow USDBRL 1.72.
CHILE
As of December 2011, Chilean economy grew 5.3%, a number higher than expected and due to an increase in consumer spending. However the Central Bank did not modify its interest rates.
MEXICO
In Mexico, December industrial production grew 0.9%, better than expected in the last three months. The Mexican Peso showed a downward trend, breaking the support level of USDMXN 13.
ECONOMIC AGENDA
In the following days, information on the Brazilian and Argentinian Unemployment will be published as well as Industrial Productivity in Chile and GDP for Mexico.
No comments:
Post a Comment