The economists of TD Securities They do not expect a significant reaction from the MXN to Banxico’s decision on Thursday, since they consider that most of it has been discounted from the price.
Banxico will fulfill its promise of an increase of 25 basis points
“We expect Banxico to raise 25 basis points on March 30 and reach a terminal rate of 11.25%. We believe the bar is high for the central bank to contradict its own forecasts again.”
“We do not expect a significant reaction from the MXN to Banxico’s decision, as we believe it has been discounted from the price for the most part. However, we expect a gradual weakening of the MXN against the USD in the coming months.”
“We continue expecting USD/MXN levels at 20.00 by the end of the yearalthough we recognize that the risks are tilted to the downside.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
