Banxico to continue to sound hawkish - TDS

TD Securities analysts are expecting that Banxico will likely continue to sound hawkish at their policy decision today.

Key Quotes

“Inflation expectations and core inflation dynamics remain concerning and continue to necessitate an elevated level of interest rates. While the Fed signalling a neutral, data-dependent stance is helpful for Banxico's policy flexibility, it by no means opens the door to cuts of its own accord.”