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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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Free AccessBanxico’s Heath Counters AMLO On Growth Comments
- Mexico central bank Deputy Governor Jonathan Heath said the best contribution monetary policy can make to economic growth is to generate price stability. The comments, via twitter, came just hours after President AMLO suggested the bank should prioritize growth as well as inflation.
- In a series of tweets released on Friday, Heath said low inflation contributes to growth in the medium and long term and the only way to lower interest rates is to deal with high inflation first.
- The central bank’s hawkish surprise to raise interest rates by 50bp on Thursday, as well as signalling further hikes to come, are underpinning the Mexican peso.
- On the downside for USDMXN, key support and the bear trigger is at 18.5080. A break resumes the technical downtrend.
- There are no major economic data releases this week in Mexico.
To read the full story
Sign up now for free trial access to this content.
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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.