TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bi-Weekly CPI, Jan Economic Activity Due at 1200GMT / 0800ET

MEXICO
  • Bi-weekly CPI data for the first half of March will be published at 1200GMT(0800ET) today, alongside January economic activity. The headline inflation rate is expected to rise to 4.44% y/y in the first two weeks of the month, from 4.35% previously, while the core rate is set to edge down to 4.63% y/y, from 4.66%. Meanwhile, economic activity is expected to rise by 0.2% m/m in January, following a 0.05% contraction in December. In annual terms, activity is forecast to rise by 2.6% y/y, up from 1.09% the month before.
  • The data are the first following Banxico’s 25bp interest rate cut yesterday, which was in line with expectations. In an interview after the decision, Governor Rodriguez said that future decisions would be gradual and evaluated one at a time, highlighting the Bank’s data dependency going forward. USDMXN is trading modestly higher on Friday, but has not reacted in a strong way to the decision. Key support remains at 16.6262, the Jul 28 2023 low, while on the upside initial firm resistance to watch is 16.9728, the 50-day EMA.
    • March Bi-Weekly CPI YoY, est. 4.44%, prior 4.35%
    • March Bi-Weekly Core CPI YoY, est. 4.63%, prior 4.66%
    • Jan. Economic Activity IGAE YoY, est. 2.60%, prior 1.09%
    • Jan. Economic Activity IGAE MoM, est. 0.20%, prior -0.05%
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.