Economy / Mexico
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Credentials Reinforced… Now Time To Hold
August 2008 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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We believe that Mexico's brief, but effective, tightening cycle has come to an end. Headline prices are still accelerating (at a four-year high of 5.4% y-o-y in July), but the delivery of three, quick-fire 25bps rate hikes since May has reinforced Banxico's inflation-fighting credentials immeasurably.