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Banxico to stay put at 3.75% - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Mexican central bank, Banxico, is expected to keep its benchmark rate at 3.75% at its meeting on Friday.

    Key Quotes

    Banco de Mexico meets Friday and is expected to keep rates steady at 3.75%”.

    “Inflation is starting to move higher, and so the 50 bp surprise hike last month seems justified”.

    “However, the bank has already warned that it has not embarked on a steady tightening cycle”.

    “The economy remains sluggish, and so aggressive rate hikes are not advisable, especially with fiscal policy also being tightened”.
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