No change to rates, as expected
- Prior was 4.25%
- Decision was not unanimous
- Two members voted for a 25 bps cut and three voted to hold
- Balance of risks is uncertain
- Monetary policy implementation will depend on evolution of factors affecting inflation and their expectations
USD/MXN shorts have been a great trade for awhile and I don't see anything standing in the way of a decline to February levels and beyond.
