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Citi predicts Banxico to cut rates by 50 bp next week - Investing.com South Africa
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Citi predicts Banxico to cut rates by 50 bp next week Investing.com South Africa
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4 itemsINVESTINGLIVEGreg Michalowski
Mexico central bank cuts rates but signals caution ahead
The desk interprets Banxico's recent rate cut as a cautious step towards easing monetary policy, reflecting a divided board on the decision. Per the full note [source], while the benchmark interest rate was lowered to 6.5%, the projections for inflation indicate a slow convergence to target levels, suggesting that further cuts may be limited. The mixed votes among board members underscore the uncertainty surrounding future monetary policy. With inflation expectations remaining stable, the market should monitor how this impacts the MXN in the coming months.
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