USD/MXN: Peso to remain at high levels for the time being – Commerzbank

USD/MXN: Peso to remain at high levels for the time being – Commerzbank USDMXN InterestRate Inflation Mexico Banks

Banxico is unlikely to be in a hurry to cut rates

With core inflation continuing to decline slowly and the Fed keeping the prospect of further rate hikes on the table, we believe that Banxico is unlikely to be in a hurry to cut rates, especially as the growth outlook has recently improved. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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