November 30, 2012
Analysts expect Mexico’s policy rate to remain at 4.50% after today’s centr
Analysts expect Mexico’s policy rate to remain at 4.50% after today’s central bank meeting. Nomura, in a report, expects Banxico to hold the policy rate until Q1 2014, and RBS, in another note, agrees. “Though Banxico remains persistent in its hawkish bias and vigilance, we
maintain our call for no change in rates and look for a slightly more neutral bias on account of the growth data and the negative implications of a tightening bias on business and consumer confidence,” RBS says.