Macro Analysis /

Banxico Minutes – Debating the relative stance and the need for forcefulness

  • We perceived a slightly less hawkish tone relative to recent documents, while maintaining concerns on inflation

  • The debate focused on the upcoming decision, likely to be based on available data and Fed’s actions

  • We reiterate our call of +75bps on September 29th, with a terminal rate at 10.00% by the end of the year

Alejandro Padilla Santana
Alejandro Padilla Santana

Executive Director of Economic Research and Financial Markets Strategy

Leslie Thalia Orozco Velez
Manuel Jimenez Zaldivar
Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
25 August 2022
Published byBanorte


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