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Focus On Updated Inflation Forecasts Following Softer Data Earlier Today

  • 20 minutes until the Banxico rate announcement. All analysts are expecting an unchanged decision, keeping the overnight rate at 11.25%, in line with prior guidance from the committee.
  • Markets will pay attention to the updated set of inflation projections for further clues on when an easing cycle can be expected, especially after this morning’s softer than expected headline and core bi-weekly figures.

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