Free Trial

Banxico Decision and Argentina April Trade Balance Data Due Shortly

LATAM
  • Mexico: A little under 15 minutes until the Banxico decision. Reminder consensus looking for an unchanged decision (11.25%) amid cooling headline and core inflation. However, there are still some analysts expecting another 25bp hike, and while this is a minority view it cannot be entirely ruled out given the hawkish stance of the committee over recent months.
    • Focus in the statement will be on any explicit reference to the end of the tightening cycle and any adjustments to the central bank’s inflation forecasts.
  • Argentina: April Trade Balance data will also be released at the top of the hour.

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.