DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

August Retail Sales Due, Citi Survey Sees 2021 Inflation Estimates Rise

MEXICO
  • A minor uptick in the greenback sees a small boost for USDMXN overnight back to around 20.25. Late yesterday, Mexico analysts raised 2021 CPI estimate to 6.50% Vs. 6.31% in the latest Citibanamex survey, also still expecting a 25bps rate hike at the November Banxico meeting.
  • Today we will see August retail sales where the monthly figure is expected to have fallen:
    • 1200BST/0700ET: Mex August Retail Sales – Estimate -0.5% m/m; Prior -0.4%
    • 1200BST/0700ET: Mex August Retail Sales – Estimate 6.6% y/y; Prior 9.9%
    • 2000BST1500ET: Banxico Governor Alejandro Diaz de Leon will speak at an event moderated by Chile central bank President Mario Marcel and hosted by the Universidad de Chile.
  • In local news:
  • Reported yesterday, Mexico and the International Monetary Fund are discussing a plan to reduce the nation's $63 billion precautionary credit line by 20% when it comes due for renewal next month, after economic risks from the global pandemic subsided. (BBG)
  • Separately, Mexico's richest man, telecom and construction magnate Carlos Slim, reached an agreement with Mexico City authorities Wednesday to rebuild or reinforce an elevated subway line that collapsed in May, killing 26 people. (NP)
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.