Economic Scenario Evolution and Speeches Suggest a Pause in Monetary Easing (06/07)
This week, the release of the Q1 2024 GDP reinforced the resilience of domestic activity. This dynamic was further corroborated by the May trade balance results, which once again showed robust imports. Additionally, there has been a recent unanchoring of inflation expectations, accompanied by more hawkish speeches from Central Bank members. On the external front, the Payroll data solidified the likelihood of a cautious stance by the Central Bank.
For more information, please check our Weekly Report 67.
