09:09 AM EDT, 07/29/2024 (MT Newswires) -- The central banks of Brazil (BCB), Chile (BCCh) and Colombia (BanRep) are scheduled to release their policy meeting statement on Wednesday, while the Bank of Mexico's (BanMex) policy meeting will be held on Aug. 8, noted Societe Generale.

The bank expects the BCB, BCCh and Banxico to keep their rates unchanged at these meetings while also expecting BanRep to cut rates by another 50bp.

The risks to SocGen's forecast for the BCB meeting are low and

largely balanced. Nevertheless, the downside risks of rate cuts at BCCh and Banxico meetings are "significant."

Downside risks of more than 50bp rate cuts are also "meaningful" for the BanRep meeting, added the bank.