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Banking: The week in 10 stories

Bnamericas Published: Saturday, May 18, 2019

ARGENTINA

Political risk is keeping international property investors on hold as the October presidential election draws nearer, a sector expert told a conference.

A lawmaker died from an attack in Buenos Aires the week before and shocked the country. The government has ruled out that the fatal shooting was a politically-motivated attack.

BRAZIL

The Brazilian economy contracted in Q1

Central bank governor Roberto Campos Neto said he was bullish on the benefits that an open banking model could bring to the country's financial system when implemented during 2020.

State-run lender Caixa will hire investment banks to handle an upcoming IPO for its insurance arm.

CHILE

The central bank said it has tightened its supervisory focus on the fast-expanding buy-to-let market.

MEXICO

The central bank left the key rate on hold and surprised analysts with a hawkish tone in the rate announcement.

A budget expert warned that Mexico could face a fiscal crisis due to mounting pension spending.

PERU

The Peruvian economy accelerated in March.

URUGUAY

March figures showed unemployment is on the rise due to a sluggish economy.

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