Mexico: Ahead of the Curve

  • Banxico to hike rates by 50bps to 10.50% with a less hawkish tone and a dissent from Deputy Governor Esquivel (+25bps)

  • November’s IP to grow just 0.1% m/m (2.4% y/y), with increases in mining and construction but with manufacturing lower

  • Other relevant indicators include ANTAD sales, Banxico’s survey and the weekly reserves report

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