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Eyes on Banxico as Markets Speculate on Next Governor

MEXICO
  • Bi-Weekly CPI a touch ahead of expectations, but Y/Y Core still just below year's high of 6.1%.
  • Some focus still on AMLO's decision to deny a second term for the Banxico governor, with the President looking to pick an economist more in tune with Mexico's need for 'a moral economy'.
  • Most sell-side analysts see the decision as an indication the government are more concerned over growth rather than inflation at this stage. Most see FinMin Herrera as the name-in-the-frame.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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