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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.
MEXICO
- Link to Banxico statement: https://www.banxico.org.mx/publications-and-press/...
- Retains prior guidance: "It considers that, in order to achieve an orderly and sustained convergence of headline inflation to the 3% target, the reference rate must be maintained at its current level for some time."
- Higher inflation forecasts lending support to the peso with USDMXN trading from around 17.33 to 17.20 in the aftermath of the decision. Worth noting USDMXN had been fairly resilient to the broad dollar weakness post-FOMC and this may be assisting the move lower.
- From the statement: " However, current forecasts incorporate a more gradual decline in both food merchandise inflation and services inflation. For this reason, the forecasts for headline and core inflation have been revised upwards for some quarters."
- Updated inflation forecasts here:
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.
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