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8th Apr 2024 17:50Latin America, Daily Monitor

  • The minutes of the last policy meeting indicated a more hawkish stance from Banxico than expected. 
  • But the March inflation data undershot expectations, which will allow the Board to ease its tone.
  • This, combined with the expected accommodative stance from the Fed, means more rate cuts ahead.

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Keywords for: 10 April 2024 LatAm Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence