Free Trial

Banxico Interest Rate Decision Due In One Hour

MEXICO
  • A reminder that Banxico will announce its interest rate decision at 2000BST(1500ET). Most analysts expect the central bank to keep its overnight rate unchanged at 11.00%, with a small minority forecasting an outside chance of a further 25bp cut.
  • A more challenging external environment, combined with still persistent domestic inflation pressures, have prompted committee members to adopt a more cautious approach, signalling a likely pause this month.
  • However, a still very restrictive monetary stance, with rates far above the neutral level means that many analysts expect Banxico to resume its easing cycle at the next policy meeting in June.
    • A full MNI preview with analyst views is here.

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.