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Published on Thursday, November 15, 2018 | Updated on Friday, November 16, 2018

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Banxico hikes 25bp to 8.00% and stays hawkish

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Summary

One board member voted for a 50bp hike. Risks are now tilted to an additional 25bp hike in December but the call will most likely dependent of the 2019 fiscal budget outcome and its effect on confidence.

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