RaboResearch - Economic Research

Economic Report

Separatists will likely win Catalan elections

The separatists will likely win today’s elections in Catalonia, but they might lose their absolute majority. While a fresh push towards unilateral independence is unlikely, it could take many years before tensions actually recede.

Economic Report

Latin America: FX outlook - Carry on, and on

Latin American currencies have outperformed USD this year with carry providing a notable boost. MXN was a notable outperformer. Performance will be good if volatility remains low. A surge in risk aversion could lead to rapid carry trade unwinds.

Economic Report

Latin America: the times, they are changing

Anti-establishment sentiment is growing in Latin America, just like elsewhere on the back of a growing and increasingly vocal middle class. Latin America continues to shift away from populism and policy is becoming more constructive.