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    Mexico | New cuts to public spending to support fundamentals before volatility from Brexit

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    Published on Friday, June 24, 2016 | Updated on Saturday, June 25, 2016

    Mexico | New cuts to public spending to support fundamentals before volatility from Brexit

    In our opinion, the additional cut to public spending announced by the Minister of Finance is a favorable measure as it mostly applies to current spending given the increase in volatility from Brexit. In regard to monetary policy, we maintain our call that Banxico will keep its policy rate unchanged

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