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CHILE – Trade surplus continued to climb in October
A USD 1.4 billion trade surplus was recorded in October, well above the USD 0.7 billion surplus one year earlier. The surplus came in below our USD 1.6 billion call. The rolling one-year trade balance ...
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ESG Documents and Policies
The Environmental, Social and Climate Responsibility Policy (PRSAC) consists of a set of principles and guidelines of an environmental, social and climate nature to be followed in the performance of ...
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Diversity and Development
We aim to promote diversity and inclusion, fostering the social and financial development of people and companies for a fairer and more prosperous country. We are made up of people and we believe that ...
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COLOMBIA – Monetary Policy Report: Higher growth and lower short-term inflation, but cautious tone remains
BanRep’s technical staff revised GDP up and short-term CPI down, while outlined an interest rate path that, on average, is above analysts’ expectations (9.0% yearend). Activity this year is now seen ...
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CHILE – Monetary Policy Meeting Minutes: 25bp cut was the only plausible option.
In October, the BCCh’s Board unanimously cut the policy rate by 25 bp to 5.25%. The meeting’s minutes state that all Board members agreed that the information accumulated since the September meeting ...
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CHILE – Sequential activity decline in September
According to the Central Bank, the Monthly Index of Economic Activity (IMACEC) contracted sequentially for the second consecutive month, with widespread sectoral declines. Total activity dropped 0.8% ...
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COLOMBIA – Unemployment rate declined at the margin in September
The unemployment rate fell sequentially, but employment dropped at the margin. According to DANE’s September labor market survey, the national unemployment rate fell to 9.1%, down 0.1pp over one year, ...
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CHILE – Activity picks up in 3Q
Mining led the activity recovery in 3Q, but manufacturing improved and retail posted a broadly steady, and elevated annual gain, consolidation the view of a transitory downturn in 2Q. Retail sales ...
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CHILE – Credit: Contraction of commercial loans persists
According to the Financial Market Commission, the banking system’s stock of outstanding real loans in Chile fell in September by 2.64% YoY, after declining by 2.04% in August (-2.65% in September 2023 ...
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COLOMBIA – Monetary Policy Meeting: A cautious stance is maintained with a 50bp cut.
The interest rate returned to single digits. In a divided decision, BanRep maintained the pace of cuts at 50bp from 10.25% to 9.75%. As in the previous meeting, three members voted for a larger cut ...
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CHILE – Public Finance: Starting to shake off the revenue gloom?
Gradual moderation in spending continues, as revenues improve. Even though real revenues rose by 11% YoY in September, a real expenditure increase of 2.5% led to a monthly fiscal balance of -0.4% of ...
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Nossa Trajetória
Há mais de quatro décadas, integramos os aspectos de sustentabilidade e ESG de forma estratégica para incentivar o crescimento sustentável e atender às necessidades das pessoas e do meio ambiente.