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BANXICO
  • 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...
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  • 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...