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Banxico's Borja on Fed De-Coupling, Energy Event Kicks Off

MEXICO
  • Broadly in line with expectations: Deputy Governor Galia Borja said that Banxico sees an option to break from its pattern of interest rate hikes in tandem with the US Federal Reserve if economic variables improve. More details of the board’s discussion are expected in the minutes, due Nov 24.
    • There are no major Mexican data releases this week.
  • BofA Mexico head Emilio Romano holds a media briefing on Mexico’s economic outlook in Mexico City at 9am local time, after speaking yesterday at the Bloomberg Forum.
  • Inauguration of “Encuentro Internacional de Energia Mexico 2022” on the Mexican energy sector; speakers include Pedro Lopez, Techint business development director for North America, and Nymia Almeida, senior vice president of Moody’s Mexico.

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