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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.
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Free AccessBanorte Chief Economist Favors Tightening Cycle in 2021
- Banorte Chief Economist Gabriel Cassilas spoke in a conference today and said that Banxico will have to start a tightening cycle in 2021.
- As a reminder, Banxico cut its benchmark rate by 25bps to 4% this year despite the expected rise in inflationary pressures (April Inflation rose to 6.1%).
- Casillas also said that economic growth is expected to reach 5.9% in 2021.
- The uncertainty associated to Covid19 has been weighing on the tourism and food sectors and therefore keeps delaying the recovery.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.