Revelation of Expectations in Latin America (REVELA): Issue 32: June, 2013
Tavella, Pilar; Powell, Andrew
The May 2013 surveys of expectations conducted by Central Banks with inflation targeting regimes indicate that average growth and inflation expectations have fallen slightly. The simple average inflation expectation for the region for 2013 is 4.4%, whereas average growth expectations are 4.8%. Inflation expectations fell in Paraguay (0.5%), Chile (0.3%), Guatemala (0.2%) and Uruguay (0.1%) and rose slightly only in Brazil (0.1%). Expected growth fell in Mexico (0.4%) and moderately in Chile and only increased slightly in Paraguay.