Banxico set to raise rates

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events Mexico: following in the footsteps of the Fed (by Yann Quelenn) Following the Fed’s rate decision we were also expecting the Banxico to increase rates by 25 basis points to 3.25% despite no inflation. Indeed, the Mexican Central Bank has been obliged in the past to carefully follow the monetary policy of its neighbour in order to avoid the narrowing of the gap between the two countries’ benchmark rates. Even if the current state of the Mexican economy looks healthier with

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