Banxico to hike 25bp to 8.00% with higher uncertainty and risks
Published on Tuesday, November 13, 2018
Banxico to hike 25bp to 8.00% with higher uncertainty and risks
Summary
Our call is based on MPC’s hawkish forward guidance and the materialization of some risks, especially a weaker MXN. A lot has changed in the intermeeting period and in our view a hike is warranted. We are not expecting an additional hike in December for now, but will depend on the MXN performance which will most likely be driven by the fiscal budget outcome.
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Central Banks
Tags
Authors
Javier Amador
BBVA Research - Principal Economist
Carlos Serrano
BBVA Research - Chief Economist
Documents and files
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