Futuro del peso mexicano 8-2

Mexico Jan CPI data expected at 09:00 ET (14:00 GMT) **Consensus expectations: – CPI MoM: 0.5%e v 0.6% prior; YoY: 5.5%e v 6.8% prior
– CPI Core MoM: 0.3%e v 0.4% prior**Note Mexico has a 2-4% target range – Dec CPI of 6.8% saw its highest annual pace since Apr 2009 and remaining above the upper end of central bank target’s range Recent comments:
– On Dec 28th MexicoCentral Bank (Banxico) Dec Minutes: majority of board members thought balanceof risks to growth were still tilted downwards. Majority believe outlook for
inflation has deteriorated . Reiterated bank would take action as necessary as all members saw CPI outlook as more complicated
– On Dec 14th MexicoCentral Bank (Banxico) raised its Overnight Interest rate by 25bps to 7.25% (asexpected). Decision was not unanimous; one member voted for a 50bps hike, therest voted for 25bps hike. Balance of risk to inflation had deteriorated but inflation was still expected to hit levels near 3% objective by end of 2018
200 HMA= 533.10
Futuro del peso mexicano 8-2

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