Latin America calendar: Brazil and Argentina inflation, Peru central bank decision

what happened

According to Week Ahead, Brazil's October consumer price index is due on Thursday, November 12, at 09:00 local time. The calendar lists a monthly rise of 0.82% and a 12-month rate of 4.58%. Argentina's October CPI follows at 16:00, after a previous monthly gain of 1.9%. At 18:00 the same day, the Central Reserve Bank of Peru holds its monetary policy meeting, with the reference rate at 4.25%. Peru also publishes its September trade balance, a surplus of $4.714 billion.

On Friday, November 13, Brazil releases September retail sales, Colombia publishes industrial output and retail sales, and Argentina reports capacity utilization for September. Brazil's markets are closed on Sunday, November 15, for a national holiday, and Mexico and Colombia have market closures on Monday, November 16.

why it matters

Brazil's inflation print and Peru's rate decision are likely to be the most closely watched items for regional currencies and equities, since they shape expectations for rates and the BRL and PEN. The holidays thin out trading mid-week, so price moves may concentrate on Thursday and Friday.

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