- "Activity indicators in Argentina, Chile and Mexico surprise positively. Total credit growth in Colombia kept growing in May (4% y/y), boosted by the mortgage portfolio (20.6% y/y). In Peru, public expenditure grew above expectations in May, although it slowed versus the previous month, despite the Government’s announcement regarding moderation of public expenditure."
- "Differing Latam exchange rate dynamics due to domestic factors."
- "In Brazil and Peru domestic factors continue to support lower depreciation, while in Chile the link to the price of copper is expected to generate pressures. Colombia’s relative exchange rate strength was boosted following Moody’s announcement."
BBVA Latin Weekly Observatory 20100702
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