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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.
MEXICO
- With some predicting that the dissenters may be swayed into the hiking camp, the statement being seen as marginally dovish initially – as such USDMXN catches a small bid up to 19.92 from 19.87.
- Link to full statement: https://www.banxico.org.mx/publications-and-press/announcements-of-monetary-policy-decisions/%7B57D39E7B-00F0-6E54-1B95-CB5D9A99CC88%7D.pdf
- Key highlights:
- "The revised forecasts for headline and core inflation are above those published in the last Quarterly Report. Considering the nature of the shocks that have affected them, the larger increases correspond to the short term. Annual headline and core inflation projections are expected to decrease, particularly for horizons of one year and beyond, and to converge to the 3% target during the first quarter of 2023."
- "Although the shocks that have increased inflation are expected to be transitory, due to their variety, magnitude, and the extended horizon over which they have affected it, they may pose risks to the price formation process."
- With some predicting that the dissenters may be swayed into the hiking camp, the statement being seen as marginally dovish initially – as such USDMXN catches a small bid up to 19.92 from 19.87.
- Forecasts for Headline and Core Inflation:
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.
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