BBVA Research Eagles quarterly report 2Q12
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Recent activity indicators in most of the EAGLEs show lower than expected marks. ...
Recent activity indicators in most of the EAGLEs show lower than expected marks.
External balance maintained stable despite global economic slowdown.
Inflation has eased in the EAGLEs
Most of the Central Banks have maintained a cautious monetary stance except for Brazil where policy makers are delivering a front loaded monetary easing.
Credit growth moderated
Exchange rates have been recently under depreciation pressures
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