- Banco de México will hold its next monetary policy meeting on Thursday. We are expecting a pause in rate hikes at 11.25%
- The MXN is approaching our 17.50 target. We have been positive on the Mexican currency in recent years, and even at the height of the pandemic we signalled that its depreciation was an overshooting. Last week we published a report in which we address the reasons behind our call and determine to what extent they justify further gains in the MXN.