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Banxico and Banrep Decisions Upcoming

  • BanRep Decision Scheduled Around 1900BST/1400ET
  • According to surveyed analysts, the most probable outcome for today’s BanRep meeting will be a 25bp hike, bringing the overnight rate to 13.00%. However, there are several analysts that believe the committee will vote for a bolder 50bp increase to 13.25%. The full MNI preview with analyst views is here:
  • Banxico Scheduled For 2000BST/1500ET:
  • All but one surveyed analysts expect Banxico to raise the overnight rate by 25bps to 11.25% at the March meeting. Analysts remain divided on the potential end date of the tightening cycle and therefore the committee’s guidance for upcoming meetings will be closely scrutinised. One analyst within the Bloomberg survey is calling for a bolder 50bp increase.
  • The full MNI preview with analyst views is here:

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