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Banxico Govenor To Present Quarterly Inflation Report

MEXICO
  • Mexico’s central bank Governor Victoria Rodriguez Ceja presents the bank’s third-quarter inflation report later today at 1830GMT/1330ET.
  • Unabating core inflation pressures and the increasingly clear de-anchoring of longer-term inflation expectations were the clear focus of the latest set of minutes and analysts expect the focus of the inflation report to be on these factors.
  • JPMorgan said that against this backdrop, the release of Banxico’s economic expectations survey will be important (released tomorrow), as medium-term inflation expectations have been steadily rising, reaching last month a record high above 4% for both headline and core inflation.
  • President AMLO said Tuesday he is willing to go to a trade dispute with the US if the two countries can’t reach an agreement on genetically modified corn

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