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TD Expect Both Banxico and BanRep To Hit Terminal Rates This Week

  • In line with recent forward guidance and statements by board members, TD expect both central banks to hit its terminal rates with a final 25bp hike.
  • While there is evidence suggesting that inflation has registered an inflection point, prices have been more stubborn than expected.
  • TD expect both central banks to keep their options open and remain ready to act if necessary.

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