Banxico expected to remain ‘on-hold’ – BBH

By FXStreet FXStreet (Edinburgh) – The research team at BBH expects the Mexican central bank to keep rates steady at its meeting this week.

Key Quotes

“Banco de Mexico meets Thursday and is expected to keep rates steady at 3.25%”.

“The firmer peso has given the central bank some breathing room to stay on hold this month”.

“The next policy meeting is March 18, which comes right after the FOMC meeting on March 16. If the Fed remains on hold then, we suspect Banxico will also”.
For more information, read our latest forex news. …read more

Source:: FX Street