Thumbnail Sketch of the Peso Ahead of Banxico's Decision
Marc Chandler
March 30, 2023
The central bank of Mexico is
expected to deliver a 25 bp rate hike later today that would lift the overnight
cash target to 11.25%. The swaps market says this will be the last hike in the
cycle. However, with a further hike by the Fed possible, it seems unlikely that
Banxico will declare mission accomplished. Still, Mexico’s overnight rate is
abo…
Thumbnail Sketch of the Peso Ahead of Banxico's Decision
Reviewed by Marc Chandler
on
March 30, 2023
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