The central bank of Mexico (Banxico) will announce its interest rate and release its policy statement on Thursday, December 17th. Markets expect Banxico to leave its policy rate unchanged at 4.25%. Previewing this event, “we expect Banxico to continue to hold on policy, as policy-makers gain confidence in the fading COVID-19 inflation shock and confirm general stability in inflation expectations,” said TD Securities analysts. Key quotes “MXN performance has supported Banxico’s easing stance, and the currency remains in the upper echelons of the EM yield complex. Continued stability should keep the door open to the prospect of further easing in 2021.” “The rates market is pricing in the risk of 25bps of easing in 2021, which is in line with our view on the risk bias. However, we were surprised that Banxico decided to hold in November, and thus see no further cuts until a strong signal is evident from policy-makers.” 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 ECB: Asking banks to refrain from or limit dividends until September 2021 FX Street 2 years The central bank of Mexico (Banxico) will announce its interest rate and release its policy statement on Thursday, December 17th. Markets expect Banxico to leave its policy rate unchanged at 4.25%. Previewing this event, "we expect Banxico to continue to hold on policy, as policy-makers gain confidence in the fading COVID-19 inflation shock and confirm general stability in inflation expectations," said TD Securities analysts. Key quotes "MXN performance has supported Banxico's easing stance, and the currency remains in the upper echelons of the EM yield complex. Continued stability should keep the door open to the prospect of further easing in 2021."… 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.
