Banxico will cut 25bp their rate on Thursday and on each of the remaining meetings in 2019

Summary

Given softer inflation and easing inflation risks an easing cycle has further to run.

Key points

• Key points:
• All members are likely to vote for a rate cut, a 50bp might be discussed
• The wording of the statement will likely reveal a dovish shift on the Board with a very weak economy, falling inflation and the need of better forward guidance

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