“A backdrop of monetary tightening, high commodity prices, robust productivity growth and buoyant activity will continue to offer support to the peso.”
“The numbers show that the government is opening the faucets when it should save money or spend more moderately. They may not see a consequence in the short term, but in the medium- to long-term, it makes it harder for the country to lower borrowing costs and reduce debt.”
“The government continues to save a substantial part of the copper price windfall and the extraordinary tax revenues derived from an economy that continues to expand above trend.”
“This operation removes the stigma of having bonds trading in the market that reminds investors of the debt crisis and moratorium of 1987 followed by the restructuring of the mid 1990s; signaling the beginning of new stage that could eventually lead the credit to investment grade status within a few years.”
“Despite the recent pickup, total investment spending in the economy is still lower than the level of 2001 and, as a share of GDP...below the 1997-2000 average.”
