MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

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

Herrera Does Not See A Tightening Cycle Until 2022

MEXICO
  • After a strong Peso rebound in the second half of Monday that saw USDMXN trade down to 19.8151, comments overnight have marginally weighed on the local currency. Overall, price action remains fairly muted ahead of key inflation data out of the U.S.
  • Mexico's nominee to become central bank governor, Arturo Herrera, said in a radio interview that he doesn't expect the bank to begin an interest rate tightening cycle until 2022. (BBG)
    • "A tightening cycle isn't expected until the coming year, but we have to be observing and monitoring," Herrera, who is currently finance minister, said in a radio interview Monday with Joaquin Lopez-Doriga.
    • Asked if he was concerned that Mexico's real interest rates are currently negative after factoring in inflation, Herrera said, "At this juncture, that's not something that's particularly important." He noted that many other countries, including the U.S. and Germany, also have negative real rates.
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.