September 29, 2022 16:56 GMT
- Banxico are expected to raise rates by 75bps from 8.50% to 9.25% at the September meeting, keeping pace with the Fed’s latest tightening step to match the US-Mexico rate differential back to 6 percentage points.
- Nonetheless, evidence is building that the Banxico could be nearing a slower phase for policy tightening, although the peak rate is still seen as some way off.
- Analysts are unanimous in forecasting a 75bps step from the Banxico this month, and a similar incremental change in August resulted in little market response.
- Full MNI Preview here: https://roar-assets-auto.rbl.ms/documents/19006/MN...