According to the Research Department at BBVA, the stability of the exchange rate and the improved inflation outlook will allow the Bank of Mexico to relax its monetary stance earlier than expected. Key Quotes: “GDP forecast for 2019 was revised down to 1.4% due to weak data from 4Q18 and 1Q19, along with a weak US manufacturing sector and a delay in the expected return on investment.” “Inflation is expected to close 2019 at 3.4%, less than previously expected, in line with the surprise decreases at the start of the year.” “We anticipate a cut in interest rates of 50 basis points this year (to 7.75%) and another 100 basis points next year (to 6.75%).” “The exchange rate will remain close to this level for most of 2019 and 2020.” “Risks are mainly related to Pemex and the ratification of the trade agreement with the US and Canada.” 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 S&P500 Technical Analysis: US Stocks hovering just below the all-time high FX Street 4 years According to the Research Department at BBVA, the stability of the exchange rate and the improved inflation outlook will allow the Bank of Mexico to relax its monetary stance earlier than expected. Key Quotes: "GDP forecast for 2019 was revised down to 1.4% due to weak data from 4Q18 and 1Q19, along with a weak US manufacturing sector and a delay in the expected return on investment." "Inflation is expected to close 2019 at 3.4%, less than previously expected, in line with the surprise decreases at the start of the year." "We anticipate a cut in interest rates… 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.
