Mexico: Ahead of the Curve

  • Attention to Banxico's minutes, especially on comments related to actions ahead and the possible terminal rate

  • We expect 1H-Aug inflation at 0.33% 2w/2w, with pressures on food and mixed seasonal trends as the summer holiday ends

  • Other indicators to be released include July’s trade balance as well as 2Q22’s final GDP and current account report

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