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1 Jun 2015
Banxico expected to keep rates unchanged – TDS
FXStreet (Edinburgh) - Strategists at TD Securities sees the Mexican central bank keeping its benchmark rates intact at this week’s meeting.
Key Quotes
“On Thursday in Mexico we expect Banxico to keep the Overnight Rate at 3.0%”.
“April CPI inflation was 3.06% Y/ Y, close to the middle of the 3%+/-1% target range, and core inflation was running at 2.31%”.
“Furthermore, USDMXN has risen by only 0.5% since the April rate meeting”.
“We expect Banxico to remain on hold until later this year when it will follow the Fed in hiking rates”.
Key Quotes
“On Thursday in Mexico we expect Banxico to keep the Overnight Rate at 3.0%”.
“April CPI inflation was 3.06% Y/ Y, close to the middle of the 3%+/-1% target range, and core inflation was running at 2.31%”.
“Furthermore, USDMXN has risen by only 0.5% since the April rate meeting”.
“We expect Banxico to remain on hold until later this year when it will follow the Fed in hiking rates”.