“Banxico cut by 50bps as expected and released a fairly well-balanced statement,” TD Securities analysts noted. Key quotes “One member dissented for a 25bp cut and the statement did open up some degree of flexibility going forward to potentially change the pace of easing.” “There was not enough concern or commitment as of yet to change our view for another 50bp cut in September, as Banxico’s 12 and 24-month ahead forecasts for inflation to remain around the 3% target.” “Watching 12 and 24-month ahead inflation expectation as well as policymaker rhetoric going into the September meeting will be key.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD bearish factors unveiled as dollar firms on rising US yields FX Street 2 years "Banxico cut by 50bps as expected and released a fairly well-balanced statement," TD Securities analysts noted. Key quotes "One member dissented for a 25bp cut and the statement did open up some degree of flexibility going forward to potentially change the pace of easing." "There was not enough concern or commitment as of yet to change our view for another 50bp cut in September, as Banxico's 12 and 24-month ahead forecasts for inflation to remain around the 3% target." "Watching 12 and 24-month ahead inflation expectation as well as policymaker rhetoric going into the September meeting will be key." Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
