CS Sees No Mexico Rate Hike

CS Sees No Mexico Rate Hike

Bonds Corporate & Sovereign Strategy

The market is betting on another 25bp rate hike from Mexico Friday, but Credit Suisse predicts that Banxico will wait. “We maintain our view that the central bank of Mexico (Banxico) is likely to leave the overnight rate unchanged at 7.75% in this Friday’s (18 July) policy announcement,” says Credit Suisse. “The central bank will choose to leave rates unchanged this time around and tighten instead by 25bp in the 15 August policy announcement,” it adds. The shop expects Banxico July 30 to raise i

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