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Mexico hiked its benchmark rate by 50bp, 25bp more than expected, after high CPI data
Prior to the Banxico decision, January inflation data from Mexico had come in hotter than in December, and higher than expectations.
Headline CPI was +0.68% m/m
- expected 0.64%, prior 0.38%
for the y/y 7.91%
- 7.89% expected and 7.82% prior
Core 0.71% m/m
- 0.69% expected and 0.65% prior
core y/y came in at 8.45%
- expected 8.41%, prior 8.35%
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A 25bp was expected from the Bank, but the unanimous... Read More
Posted: Feb 9 2023, 23:31
Author Name: forexlive
Views: 082325
