Banxico will meet today and analysts at Nomura expect rates to remain on hold at 7.75%, following the 25bp hike in the June meeting. Key Quotes “Despite leaving the door open to more hikes in its communique, we see a combination of a generally balanced output gap, already above neutrality rates and the expectation of inflation continuing to converge to lower levels in H2 as signalling a hold this time around. We also continue to see a cutting cycle beginning in 2019.” 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 GBP/USD moves above 1.3100 on BoE, focus now on Carney FX Street 5 years Banxico will meet today and analysts at Nomura expect rates to remain on hold at 7.75%, following the 25bp hike in the June meeting. Key Quotes "Despite leaving the door open to more hikes in its communique, we see a combination of a generally balanced output gap, already above neutrality rates and the expectation of inflation continuing to converge to lower levels in H2 as signalling a hold this time around. We also continue to see a cutting cycle beginning in 2019." 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.
