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文件名称：【汇丰银行-2025研报】拉丁美洲宏观周报：聚焦货币政策.pdf
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Multi-asset●LatinAmerica

15June2025

15June2025

LatAmMacroSemanarioMulti-asset

AfocusonmonetarypolicyLatinAmerica

ThiswillbeaquietweekintermsofeconomicdatareleasesacrossLatinAmerica,butaveryimportantJosephIncalcaterra,CFA

weekformonetarypolicywithdecisionsexpectedfromtheBrazilianandChileancentralbanks,nottoHeadofLatAmFXStrategy

HSBCSecurities(USA)Inc.

mentiontheFed.ThemarketwillalsofocusontheglobalimplicationsofMiddleEasttensions.ForLatinjoseph.incalcaterra@

America,themainpass-throughwillcomefromoilprices,withfurtherBrentgainsbenefittingCOPandtoa+12125255606

lesserextentBRL.ThereisalsoapossibilitythatongoingtensionscouldresultinarotationinglobalequityDanielLavarda

HeadofBrazilEconomics

flowsfromtheMiddleEasttoLatAm(see:Israel-Iran:Implicationsfromtheescalation,15June).Research