Free Trial
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.
Banxico Review - Feb 2022
Banxico Review - Feb 2022
Executive Summary
- Banxico’s governing board decided to hike the overnight rate by 50bps to 6.00%. The decision was very much in line with consensus and market pricing and prompted very little reaction in both the currency and TIIE swap rates.
- The board voted 4-1 in favour of the 50 basis point hike with Deputy Governor Esquivel, the sole dissenter, once again voting to increase the key rate by a more mild 25bps.
- The forward guidance remained very similar to previous communique. Newly appointed Governor, Victoria Rodriguez, joined the hawkish majority which indicates a smooth transition from the Diaz de Leon regime, reducing any lingering risks surrounding Banxico’s autonomy.
Click to view the full review: MNI Banxico Review - February 2022.pdf
Source: Banxico Statement
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok