Mexico: June monetary policy minutes to depict hawkish tone - TDS

Analysts at TD Securities expect a hawkish tone from the Banxico’s June monetary policy minutes, with less confidence in inflation convergence driven by peso instability on the back of political uncertainty (election, NAFTA).

Key Quotes

“While we do not expect further hikes, so long as MXN is generally stable to appreciating, we expect policymakers to retain a hawkish, vigilant tone.”