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VIEW: TD Securities note that there "was.....>

MEXICO
MEXICO: VIEW: TD Securities note that there "was mention of the consideration of
the "room to maneuver" for monetary policy, in reference to inflation and growth
risks, however Banxico left it ambiguous exactly whether policy makers meant
that there was substantial room to maneuver, or whether it was constrained. In
our view, there is nothing in this statement that convinces us to deviate from
our call for 50bp cuts at the next three meetings, followed by two more 25bp
cuts to leave the policy rate on hold at 3.50% by year end."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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