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Banxico Interest Rate Decision Due In One Hour

MEXICO
  • Most analysts are expecting Banxico to cut the overnight rate by 25bp to 11.00% at 1900GMT(1500ET). Declining inflation, the high level of the real ex-ante policy rate and the ongoing resilience of the Mexican peso all suggest conditions have been met to ease the monetary policy stance.
  • However, the cautious rhetoric from some committee members highlight that the decision is by no means set in stone and increases the likelihood of a split decision.
  • The full MNI preview with analyst views is here.

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