Banxico expected to remain on hold in next meetings – BBH

According to analysts at BBH, the Mexican central bank could leave its monetary policy stance unchanged in the upcoming meetings.

Key Quotes

“Banco de Mexico releases minutes Friday”.

“Inflation has been creeping higher, and should justify a cautious stance for the central bank in the months ahead”.

“The firm peso should alleviate some concerns about inflation pass-through”.

“For now, we see the bank on hold for the foreseeable future”.

“Next policy meeting is May 5, no changes are expected then. Mexico also reports March PMI Friday, with manufacturing expected at 51.5 vs. 51.3 in February”.

According to analysts at BBH, the Mexican central bank could leave its monetary policy stance unchanged in the upcoming meetings…

(Market News Provided by FXstreet)