FXStreet (Edinburgh) - The research team at BBH noted this week’s rate decision by Banxico and the Chilean central bank. Key Quotes “Banco de Mexico meets Thursday and is expected to hike rates 25 bp to 3.25%. Of the 19 analysts polled by Bloomberg, 4 see no change and 15 see a 25 bp hike to 3.25%. The weakness of the peso and official comments have fanned expectations that on the day after the Fed hikes rates, Mexico will do the same. Given that the peso's weakness has not spilled over to boost prices, the urgency to follow suit is not immediately evident. However, we believe the central bank may be extra cautious and hike rates now in order to anchor inflation expectations”. “Chile’s central bank meets Thursday and is expected to keep rates steady at 3.25%. The market is split, however. Of the 18 analysts polled by Bloomberg, 10 see no change and 8 see a 25 bp hike to 3.50%. The economy has been getting some limited traction recently, but the continued slide in copper prices will weigh on growth”. For more information, read our latest forex news.