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Banxico Do Not Signal End Of Tightening Cycle, Remain Data Dependent

MEXICO
  • Link to Banxico statement: https://www.banxico.org.mx/publications-and-press/...
  • No signalling of the end of the tightening cycle, remaining data dependent:
    • "For its upcoming decision, the Board will take into account the inflation outlook, considering the monetary policy stance already attained."
  • USDMXN is marginally higher on the decision but trades around unchanged on the day at 18.10 approaching the APAC crossover.
  • The complete set of revised inflation forecasts were set out in the following table within the statement:

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