MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

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

MEXICO: Moody’s Speaks On Country Outlook, Lower House Approves Min Wage Bill

MEXICO
EM BulletMexicoBulletGlobalEmerging Market NewsRegion
  • The data calendar is light today, ahead of tomorrow’s Banxico MPC meeting, when a further 25bp cut in the overnight rate to 10.50% is expected, supported by further progress on the disinflation front and amid ongoing concerns surrounding growth. Although uncertainty related to Morena’s constitutional reform initiative has placed pressure on MXN, the Fed’s bolder move to initiate its easing cycle should provide room to continue with an easing strategy.
    • The full MNI preview with analyst views is here.
  • Meanwhile, Moody’s Ratings analysts are due to speak on the outlook for Mexico and the challenges facing the nearshoring trend at an event starting at 1530BST(1030ET).
    Separately, the annual Mexico Oil and Gas Summit is scheduled to start at 1600BST.
  • In other news, the lower house of congress approved a constitutional reform that requires minimum wage increases to be set above inflation yesterday, with all 478 lawmakers present voting in favour of the bill.
151 words

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.
  • The data calendar is light today, ahead of tomorrow’s Banxico MPC meeting, when a further 25bp cut in the overnight rate to 10.50% is expected, supported by further progress on the disinflation front and amid ongoing concerns surrounding growth. Although uncertainty related to Morena’s constitutional reform initiative has placed pressure on MXN, the Fed’s bolder move to initiate its easing cycle should provide room to continue with an easing strategy.
    • The full MNI preview with analyst views is here.
  • Meanwhile, Moody’s Ratings analysts are due to speak on the outlook for Mexico and the challenges facing the nearshoring trend at an event starting at 1530BST(1030ET).
    Separately, the annual Mexico Oil and Gas Summit is scheduled to start at 1600BST.
  • In other news, the lower house of congress approved a constitutional reform that requires minimum wage increases to be set above inflation yesterday, with all 478 lawmakers present voting in favour of the bill.