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*MEXICO CENTRAL BANK RAISES OVERNIGHT RATE TO 5.5% (BBG)

MEXICO
  • MEXICO CENTRAL BANK RAISES OVERNIGHT RATE TO 5.5% (BBG)
  • MEXICO POLICY MAKERS WERE SPLIT IN RATE DECISION (BBG)
  • BANXICO 50BPS HIKE DECISION BACKED BY 4 OF 5 MEMBERS (BBG)
  • Four in agreement for the hike seeing some good demand for MXN with USDMXN tracking to the lows of the session below 20.80 - Even Esquivel voted for a hike, albeit smaller 25bp increase.
  • Latest set of inflation projections (from statement)

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