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Pressured, Recent Ranges Respected

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SFRM3/U3 Given

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Banxico Decision Due At 1900GMT/1400ET

MEXICO
  • Continued upward pressure on core inflation and a willingness to match the Federal Reserve’s hawkish stance cement the need to maintain an aggressive pace of tightening at this juncture. The statement will be closely scrutinised for any dovish signals that could pave the way for a deceleration in the hiking pace at coming meetings.
  • As a reminder on Wednesday, Mexico will withdraw its proposal to name former United Nations official Alicia Barcena to head the Inter-American Development Bank and present Deputy Central Bank Governor Gerardo Esquivel in her place before an official deadline Friday, people familiar with the decision said. (Bloomberg)
    • Esquivel wouldn’t comment on the information ahead of Thursday's monetary policy decision.
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  • Continued upward pressure on core inflation and a willingness to match the Federal Reserve’s hawkish stance cement the need to maintain an aggressive pace of tightening at this juncture. The statement will be closely scrutinised for any dovish signals that could pave the way for a deceleration in the hiking pace at coming meetings.
  • As a reminder on Wednesday, Mexico will withdraw its proposal to name former United Nations official Alicia Barcena to head the Inter-American Development Bank and present Deputy Central Bank Governor Gerardo Esquivel in her place before an official deadline Friday, people familiar with the decision said. (Bloomberg)
    • Esquivel wouldn’t comment on the information ahead of Thursday's monetary policy decision.