Latam Week Ahead

This report previews upcoming central bank decisions in Brazil and Chile. Goldman Sachs expects a 25bp rate cut in Brazil with hawkish guidance, and a hold in Chile.

Key Takeaways

• 1.We expect Brazil's Copom to deliver a 25bp Selic rate cut to 14.25% on June 17, with hawkish guidance suggesting a pause.
• 2.We expect Chile's central bank to hold the policy rate at 4.5% at the June 16 meeting, maintaining a cautious stance amid uncertainty.

Table of Contents

• Brazil Copom: One & Done; 25bp Selic Rate Cut to 14.25% with Hawkish Guidance Pointing to a Pause
• Restrictive Ex-Ante Real Rates
• BRAZIL: Data Flow Since April 29 Copom Meeting
• CHILE: Data Flow Since April 28 MPC Meeting
• DATA NEXT WEEK
• Disclosure Appendix