Mexican central bank hikes by 50 bps to 6.00%

  • Vote was 4-1
  • Banxico hikes to 6.00%
  • 1 dissent in favor of 5.75%
  • Balance of risks for the trajectory of inflation within the forecast horizon remains to the upside
  • Forecast for headline and core inflation were revised upwards
  • Says will closely watch inflation pressures

This move was widely anticipated and the market reaction has been minimal in MXN.

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