Mexico: Banxico Minutes – A more hawkish skew by the Board
-
Banxico published the minutes of the decision held on May 13th, in which they kept the reference rate unchanged at 4.00%
-
In our view the document’s tone is still hawkish, albeit less so than what we perceived in the statement
-
We still expect 25bps hikes in the November 11th and December 16th meetings, with the rate closing this year at 4.50%
You can read this report by subscribing to a Starter or Pro plan today.
Already have an account? Log in
Most Read
Disclosures
This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.
This publication is not intended for distribution to, or use by, any person or entity in any jurisdiction in any country where such distribution or use would be contrary to law or regulation, or which would subject Tellimer to any registration requirement within such jurisdiction or country.
This research is produced by a third party. The Tellimer team has had no editorial input into the content of the note.