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28 Jul 2015
Expect Banxico to remain on hold this week – TDS
FXStreet (Edinburgh) - According to strategists at TD Securities, the Mexican central bank, Banxico, could leave its monetary policy unchanged at its meeting on Thursday.
Key Quotes
“In Mexico on Thursday, we, in line with the unanimous consensus, expect Banxico to keep its Overnight Rate on hold at 3.0%”.
“Inflation is comfortably under control with headline inflation at 2.87% in June, close to the 3% centre of the target band, and core inflation even lower at 2.33%”.
“We think that Banxico will match any future Fed rate hikes, but otherwise they are under little pressure to change rates”.
Key Quotes
“In Mexico on Thursday, we, in line with the unanimous consensus, expect Banxico to keep its Overnight Rate on hold at 3.0%”.
“Inflation is comfortably under control with headline inflation at 2.87% in June, close to the 3% centre of the target band, and core inflation even lower at 2.33%”.
“We think that Banxico will match any future Fed rate hikes, but otherwise they are under little pressure to change rates”.