Pantheon Macroeconomics - Banxico delivered its fifth 50bp rise of 2016 last Thursday, taking Mexico's main interest rate to 5.75%, its highest level since early 2009. Markets expected a 25bp increase, not least because the MXN has been relatively stable since Banxico's previous meeting in November.

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19 December 2016 Banxico Defies Expectations with a Bold Pre-emptive Rate Increase

By Andres Abadia

Banxico delivered its fifth 50bp rise of 2016 last Thursday, taking Mexico's main interest rate to 5.75%, its highest level since early 2009. Markets expected a 25bp increase, not least because the MXN has been relatively stable since Banxico's previous meeting in November.

Posted: 18th Dec 2016 in 'Latin America Documents'

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