Mexico, Colombia to Decide Monetary Policy

Mexico, Colombia to Decide Monetary Policy

Colombia Mexico Economy & Policy

Mexico's central bank, which last month surprised the markets with a 50bp cut that was its first reduction since 2009, has piqued strong market interest in today's rate decision. Some, such as Nomura, expect the policy rate to hold at 4.0%, though the Japanese bank points to market expectations of cuts down the road. All eyes will be on the tone of the statement following the meeting, Nomura says, as "the tone is relevant because if Banxico believes that a rate cut is likely in H2, the signaling

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