Free Trial
US TSYS

Early Downtick Unwound

ASIA FX

Strong Gains (ex CNH)

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI Banxico Review - September 2022: Reinstates Fed Differential

The bank re-instated their rate differential with the Fed in a unanimous decision

Executive Summary:

  • Banxico raised rates by 75bps to 9.25%, alongside expectations
  • The bank re-instated their rate differential with the Fed in a unanimous decision
  • Consensus sees further tightening in November, with terminal rate eyed at 10.50 – 11.00%
Full Review including summary of sell-side views here:

MNIBanxRevSep22.pdf

Keep reading...Show less
157 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Executive Summary:

  • Banxico raised rates by 75bps to 9.25%, alongside expectations
  • The bank re-instated their rate differential with the Fed in a unanimous decision
  • Consensus sees further tightening in November, with terminal rate eyed at 10.50 – 11.00%
Full Review including summary of sell-side views here:

MNIBanxRevSep22.pdf