The Bank of Mexico rate decision isn't scheduled until 3 pm ET today but at an event just now he may have leaked that it will be a 50 basis point hike to 6.50%.
That wouldn't be a huge surprise with the median estimate for 50 bps but it's not a unanimous view.
In his speech, he said the central bank raised its benchmark rate by 50 basis points to 6.50%.
This is a bad look for the 68-year-old President, if it turns out to be true but there are multiple reports highlighting his comment.
USD/MXN has come down in the past few minutes as well.
Can you imagine if Joe Biden did this?
