Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- Political RiskPolitical Risk
Intelligence on key political and geopolitical events around the world.
- About Us
Very important CPI prints today. With analysts divided as to whether Banxico will cut rates on Thursday, this data point will be eagerly anticipated by the market. As of writing, 15/20 surveyed analysts are calling for a rate cut of 25 basis points to 4%. Of these analysts, several reference a lack of conviction in the prediction and explain how this data point in particular, could be enough to sway the committee.
January mid-month CPI came out ahead of forecasts with the annual figure rising to 3.33% from a prior 3.08% reading. The mid-month core CPI figure also rose to 0.24% from a prior 0.08%.
Any additional upward pressure in the figures will likely heavily increase the probability of an extension of Banxico's pause in the easing cycle.
- 1200GMT/0700ET – January CPI m/m Expected 0.77% vs 0.38% prior
- 1200GMT/0700ET – January CPI y/y Expected 3.45% vs 3.15% prior
- 1200GMT/0700ET – January Core CPI m/m Expected 0.35% vs 0.55% prior