233333永利澳门电玩城：Mexico’s Inflation:The Odd One Out
233333永利澳门电玩城，Mexican rates have reached levels comparable to 2003 and post-GFC while
inflation has also moved up to levels comparable to those times. Banxico
had to respond more forcefully – de-coupling from the US cycle and the
perception that it reacted mostly to the relative US/Mexico rate.
Accordingly, the curve has flattened to historical lows. More recently,
as the economy grew at a surprisingly fast pace in Q1 and inflation
remained upbeat investors have either reduced receivers or opened payers
on the view that Banxico will not be able to normalize rates at least
before Presidential elections or anytime soon.