Analysts at TD Securities expect Banxico to leave policy unchanged today, helped by strong post-election currency appreciation and a desire to keep its powder dry should what appears to be a more constructive NAFTA negotiating trajectory reverse.
Key Quotes
“Inflation expectations remain relatively elevated, and convergence to the 3% target in 2019 will be uncertain unless MXN remains stable (and at or near current levels) given near-term inflation dynamics have seasonally outperformed.”
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