eth-usd
Add an article to your Additionally, the trade balance for Brazil and Chile will be disclosed by both governments.
This week, inflation data for February will be published in Mexico, Chile, and Colombia. The region is expected to continue a moderate downward trend in prices, given slower global inflation.
According to experts’ analysis, in Mexico, the general inflation rate likely decreased while core inflation extended its downward trend. In Chile, on the other hand, the figure may increase, although core inflation should further decrease.
Finally, in Colombia, inflation may moderate but remain well above the target. Additionally, goods and services are expected to slow down in line with the accumulated appreciation of the peso, weak domestic demand, and the smaller increase in the minimum wage.
On the other hand, this week, trade balance data for February 2024 will be released in Brazil and Chile. In the former case, the figures could indicate that the country’s external accounts are in good shape, while in the latter, they would be an indication that the economy is recovering.
Brazil
On Wednesday, March 6th, the trade balance for February 2024 will be released, which likely recorded another significant surplus despite the recovery in imports. The result would be explained by external purchases of certain agricultural and mining products, which offset the decrease in spending on oil and fertilizers.
Colombia
On Thursday, March 7th, the Consumer Price Inflation for February 2024 will be released, which could have fallen to 7.91% year-on-year from 8.35%, well above the central bank’s target of 3% +/- 1 ppt. In fact, the central bank projects that the inflation rate will fall to 7.87% by the end of the first quarter.On Thursday, March 7th, the Consumer Price Inflation for February 2024 will be released, which could have fallen to 7.91% year-on-year from 8.35%, well above the central bank’s target of 3% +/- 1 ppt. In fact, the central bank projects that the inflation rate will fall to 7.87% by the end of the first quarter.
Chile
On Thursday, March 7th, the trade balance figures for February 2024 will be released. The forecast is for a surplus of US$2.090 billion, compared to January’s surplus of US$2.620 billion and US$1.470 billion a year earlier.
Peru
On Thursday, March 7th, the Central Bank Monetary Policy Meeting will take place.
Mexico
On Monday, March 4th, the figures for Gross Fixed Investment for December 2023 will be released, which likely increased by 11.1% compared to the previous year.