- "Economic activity continues to grow, with a surprise from the EMAE (Monthly Estimator of Economic Activity) in Argentina, good data on construction and durable goods in Colombia and Peru, and an increase in credit in Peru and Venezuela. Internal demand is growing in Mexico, although it is still quite slow. In Brazil the Central Bank raised its reference rate but only by 50 basis points instead of the 75 bps expected a few weeks ago, while Argentina and Peru are taking measures to prevent their currencies from strengthening."
- "Financial assets in the region performed well, despite greater global volatility. Although international markets were volatile, financial assets in the region performed well, in general, and reacted to monetary policy measures (Brazil), announcements of currency intervention (Peru), the bond bidding schedule (Chile), and corporate results (Brazil and Mexico)."
BBVA Latin Weekly Observatory 20100723
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