LatAm Daily | Banxico increased its MPR by 50bps, taking it to 4.25%

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.

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