Free Trial

HSBC Say H2 April CPI Key For Banxico May Rate Decision

MEXICO
  • HSBC believe that Banxico's data-dependant approach suggests the H2 CPI April data will prove key for its decision on 9 May, as core prices continue to make gradual progress.
  • While another potential 25bp rate cut, in line with their call, could be supported by core inflation dynamics, non-core prices and global risks could embolden a more cautious stance.
  • Their end-2024 inflation and policy rate forecasts stand at 3.9% and 9.5%, respectively.

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.