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📝 Latest Inflation Figures Unlikely to Impact Banxico: Scotiabank

Not sure if the latest Mexico CPI readings results would even impact the bias since Banxico might not be 100% wedded to following the Fed but was pretty closely aligned toward its path. Mexico's inflation update was met with a "big shrug" as the results landed on the screws, with headline and core consumer price index (CPI) both up by 0.6% m/m, matching expectations. These figures are unlikely to impact Thursday's central bank (Banxico) decision anyway amid widespread expectations that it will follow the United States Federal Reserve's recent 75bps hike. - Scotiabank



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