Mexico: Banxico to cut rates by 25bps – TD Securities

Analysts at TD Securities are expecting Banxico to cut rates by 25bps and follow the Federal Reserve's lead.

Key Quotes

“Core inflation and inflation expectations remain currently too firm to leave Banxico in a position where it can sound aggressively dovish or cut by increments greater than 25bps. Thus a dovish but cautious tone should permeate the decision.”