Mexico: Banxico to hold at 7.75% - TDS

Analysts at TD Securities expect Banxico to leave policy unchanged today, helped by strong post-election currency appreciation and a desire to keep its powder dry should what appears to be a more constructive NAFTA negotiating trajectory reverse.

Key Quotes

“Inflation expectations remain relatively elevated, and convergence to the 3% target in 2019 will be uncertain unless MXN remains stable (and at or near current levels) given near-term inflation dynamics have seasonally outperformed.”