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Foreign Minister Ebrard To Meet With Blinken and Mayorkas

MEXICO
  • USDMXN has been confined to a 20.35-20.50 range to start the week ahead of the FOMC decision on Wednesday. Domestically the focus will be on next Monday’s CPI data ahead of the May 12 Banxico meeting/decision.
  • Foreign Minister Marcelo Ebrard is visiting Washington where he’ll have meetings with U.S. Secretary of State Antony Blinken and Homeland Security Secretary Alejandro Mayorkas. He’ll also have meetings on investments in Central America and southern Mexico, he said on Twitter.
  • Mexico Economists See 2022 Inflation At 6.67 %, according to the latest Banxico Survey:
    • see 2023 inflation at 4.18 %
    • see 2022 GDP at 1.73 % from 1.76 %
    • see 2023 GDP at 2.02 % from 2.08 %
    • see peso at 21.02 usd at end 2022
    • see peso at 21.41 usd at end 2023
  • Mexico sold 20b pesos of Bondes G in a syndicated Environmental, Social and Governance debt auction, according to results posted by the central bank on monday. (BBG)
    • Via Twitter, Deputy Finance Minister Gabriel Yorio said the inaugural issuance begins a new phase in sustainable finance in Mexico.
    • “By having instruments denominated in pesos, Mexican corporations will be able to use them to access cheaper market financing and finance their sustainable projects.” (translated from Spanish To English)

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