Banxico will most likely stick to following in the footsteps of Fed’s upcoming hikes .
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There’s a lot of tightening still in the pipeline: Banxico will likely match the (now larger) Fed’s expected rate hikes .
In its June meeting, Banco de la República increased the monetary policy rate by 150 basis points to 7.5%. The vote was unanimous.
In the United States, after more than a decade in which inflation was consistently below the Federal Reserve's (FED) target, it has risen to levels not seen in 40 years.
Housing credit from commercial banks registered better granting conditions and a recomposition in their destination, while the automotive segment showed a drop in real terms, despite offering better conditions on both terms and interest rates. …