Banxico will most likely keep rates unchanged and should strike a more dovish tone
Published on Wednesday, April 11, 2018 | Updated on Thursday, April 12, 2018
Banxico will most likely keep rates unchanged and should strike a more dovish tone
Summary
We expect Banxico to hold rates steady (at 7.50%) next Thursday. As we expected, disinflation pressures are taking hold and inflation is set to fall further; the inflation outlook improvement warrants a more dovish tone. We think Banxico is likely to signal a pause in the near-term. We expect Banxico to begin an easing cycle in October.
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- Mexico
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- Central Banks
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Authors
Javier Amador
BBVA Research - Principal Economist
Carlos Serrano
BBVA Research - Chief Economist
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