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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.
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Free AccessSell-Side Sees Few Implications From Banxico QIR
- Tuesday's Quarterly Inflation Report did little to change views among the sell-side, with most seeing the inflation and growth views as infitting with the August rate decision.
- The bank raised their growth forecast for 2021 to 6.2%, a 0.2ppts uplift, while inflation projections were held unchanged at 5.7% for end-2021 and 3.4% for end-2022 - retaining their view that current price pressures are "predominantly transitory".
- In an interview following the QIR, Banxico governor de Leon stated that FX reserves (amounting to over $200bln) would be used to strengthen the purchasing power of the MXN.
- Manufacturing PMI data crosses later today at 1530BST/1030ET, with IMEF manufacturing and non-manufacturing indices at 1800BST/1300ET.
- President AMLO is due to give his Presidential Address at 10am local time (1600BST/1100ET), while Banxico deputy governor Espinosa speaks at a Dallas Fed event at 6.30pm local time (0030BST/1930ET).
To read the full story
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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.