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20th Jun 2023 20:14Latin America, Daily Monitor

  • The BCCh voted by a majority to keep the interest rate on hold at 11.25%, the dissenters asked for a 50bp cut.
  • The tone of both the communiqué and the IPoM suggests that rate cuts are imminent.
  • Retail sales in Mexico started Q2 solidly, thanks to improving domestic conditions, offsetting external drags.

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