Mexico Follows Through With Rate Hike

Mexico Follows Through With Rate Hike

Bonds Corporate & Sovereign Strategy

Mexico has jacked up its policy rate by 25bp to 8.00% in an attempt to stamp out inflation, building on a 25bp rate hike enacted in June. This was in line with consensus and the post meeting communique is viewed as broadly neutral. The central bank adds that it will revise its inflation projections July 30 by approximately 50bp on average. The yield curve moved up by 12bp-15bp across the board, says Credit Suisse. “We would not expect another rate hike in August, unless inflation expectations wo

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