This is scheduled to be a busy week for central bank watchers, dominated by the publishing of the Fed’s FOMC minutes on Tuesday and the BoJ’s monetary policy statement (on the 10th—11th), it also includes central bank meetings in Chile, Brazil, Peru and Mexico, while BanRep is scheduled to release the minutes from its last meeting. We will be watching the tone of LATAM central bank statements for signs of how the shift in Fed tone has affected the stances of regional central banks. Although outside of Brazil, LATAM central banks are expected to remain on hold, the sharp moves we saw in domestic yield curves and currencies are likely to have impacted the outlook for regional monetary policy, and hence statements will be interesting to watch for signs of bias shifts.
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Scotiabank