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19 May 2015
Banxico remains vigilant on US headlines – Scotiabank
FXStreet (Edinburgh) - Eduardo Suarez, Chief FX Strategist at Scotiabank, argued that the Mexican central bank will closely follow the upcoming events in the US economy.
Key Quotes
“Banxico’s Quarterly Inflation Report comes right on the heels of the latest meetings from Banxico, so we don’t expect to get much new guidance on the outlook for monetary policy”.
“However, there are some interesting topics on which we would be interested to see Banxico’s take”.
“In particular, we are interested to see some more depth on how Banxico believes growth is performing, and whether they believe the apparent loss of momentum north of the border will become a more substantial headwind”.
“In addition, some of the reforms seem to be starting to have some impact on the economy – notably power & telecoms) – and we are interested to see if Banxico provides its take on this”.
Key Quotes
“Banxico’s Quarterly Inflation Report comes right on the heels of the latest meetings from Banxico, so we don’t expect to get much new guidance on the outlook for monetary policy”.
“However, there are some interesting topics on which we would be interested to see Banxico’s take”.
“In particular, we are interested to see some more depth on how Banxico believes growth is performing, and whether they believe the apparent loss of momentum north of the border will become a more substantial headwind”.
“In addition, some of the reforms seem to be starting to have some impact on the economy – notably power & telecoms) – and we are interested to see if Banxico provides its take on this”.