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December 19, 2019

An overly cautious Banxico cut its policy rate to 7.25%

There is still plenty of room to cut rates; we expect the monetary policy stance to reach neutrality by the summer of next year.

December 18, 2019

Banxico’s rate cut cycle has legs

A faster easing pace is warranted but Banxico is likely to remain overly cautious. No signs that Banxico is willing to speed up the long overdue easing cycle.

November 12, 2019

Banxico will continue their rate cut cycle with a larger 50bp rate cut on Thursday

A 50bp rate cut would mark the beginning of a long overdue easing cycle.

November 11, 2019

U.S. Repo Market Tracker. November 11, 2019

Repo Rates: Slight increase in average daily intervention to $86bn as Fed conducts small operation exercises on its desk to test its operational readiness. Fed Balance Sheet: Total assets reach $4.08tn, the highest amount since January 2019.

November 1, 2019

U.S. Repo Market Tracker. November 1, 2019

Repo Rates: Average daily intervention holds steady at $84bn given Fed’s daily commitment to $120bn through October and no major shocks.

October 30, 2019

FOMC Meeting: October 29th-30th

For the third time this year, the Fed lowered the target range of federal funds rate 25bp to 1.5-1.75% without significant changes to their outlook on the labor market or inflation.
  • Geography Tags
  • USA

October 26, 2019

U.S. Repo Market Tracker. October 25, 2019

Repo Rates: Rates stabilize as average daily intervention inches up to $84bn during the week. Fed recalibrates intervention: daily up to $120bn from $75bn and term up to $45bn from $35bn.

October 18, 2019

U.S. Repo Market Tracker. October 18, 2019

Repo Rates: Rates trended higher but pressures receded after increased intervention. Fed Open Market Operations: Average daily intervention jumped to $81bn during the week; Repo operations will continue at least through January.