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Published on Thursday, July 30, 2015 | Updated on Thursday, July 30, 2015

Mexico | Monetary policy rate on hold in July.Rate hike in September is still in the cards

As the FOMC tweaked its forward guidance, a rate hike in September remains possible. As exchange rate deppreciates further with no major effects on inflation, we expect a rate increase by Banxico in September once normalization in the US is underway