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Deutsche Bank Research LatAm Macro and Strategy Monthly: Searching for Direction July 2024 Drausio Giacomelli Strategist +1-212-250-7355 Francisco Campos Chief LatAm Economist +1-212-250-9764 Carlos Munoz-Carcamo FX Strategist +1-212-250-2259 JP Schuchter Research Associate +1-212-250-9297 IMPORTANT RESEARCH DISCLOSURES AND ANALYST CERTIFICATIONS LOCATED IN APPENDIX 1. MCI (P) 041/10/2023. UNTIL 19th MARCH 2021 INCOMPLETE DISCLOSURE INFORMATION MAY HAVE BEEN DISPLAYED, PLEASE SEE APPENDIX 1 FOR FURTHER DETA ...