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Banxico Adds Global Activity Slowdown To Downside Risks To Inflation

MEXICO
  • Alongside the slight dovish tweak to the guidance on the next rate adjustment, the language on inflation risks has changed too.
  • While the risks to the upside remain the same, Banxico now lists a slowdown in the global economy among the downside risks to inflation.
  • As expected, local assets completely unphased by the decision with USDMXN rising slightly off the 19.9021 lows in line with a recovery in the broad dollar index.

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