February 19, 2025 10:56 GMT
LATAM: Banxico QIR and Trade Discussions with US in Focus
LATAM
- Mexico’s central bank will release its quarterly inflation report on Wednesday. The report will contain updated forecasts for inflation and economic growth, which should echo the information provided within the February MPC statement. Currently the board do not see headline CPI returning to the 3% target until Q3 2026.
- Perhaps more importantly, Mexico’s Economy Minister Marcelo Ebrard is scheduled to meet with the US Commerce Secretary to discuss trade in Washington DC. Security talks will also take place this week.
- Elsewhere, there are no tier one data releases in the region, and global focus will be on the FOMC minutes. Details surrounding the most recent adjustments to the January statement, as well as any discussion or analysis regarding the potential impact of the new presidential administration's policy shifts will be scrutinised.
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