Published on Friday, July 1, 2016
LatAm Daily | Banxico increased its MPR by 50bps, taking it to 4.25%
Summary
Concerns over the risks that current exchange rate depreciation poses on core inflation and its expectations, led the CB of Mexico to raise its benchmark rate. Exchange rate will be the key variable to follow in a context of a more gradual pace of MP normalisation in the US. Moreover, activity data by sector in Chile anticipates an Imacec with a ceiling of 2% YoY in May.
Geographies
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- Latin America
- Brazil
- Colombia
- Mexico
Topics
- Topic Tags
- Macroeconomic Analysis
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Authors
ED
Enestor Dos Santos
BBVA Research - Principal Economist
LL
Lorena Lechuga
HP
Hugo Perea
BBVA Research - Chief Economist
CP
Cecilia Posadas
BBVA Research - Principal Economist
JS
Jorge Selaive
CS
Carlos Serrano
BBVA Research - Chief Economist
JT
Juana Téllez
BBVA Research - Chief Economist
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