In Mexico the focus of the market will be on Thursday's Banxico meeting. A stable inflation outlook, the moderate pace of economic activity ,and restrained FX pass-through, coupled with the delay in Fed's hiking cycle should keep Banxico on hold.
"As such, no change in the overnight rate is anticipated. However, a slightly dovish tone is likely, as the macroeconomic environment suggests downside risks to growth. Given our expectations for the policy decision we keep recommending holding duration risk in local assets", argues Barclays.
The week is light on data, with the Economic Activity Index the main release, an expansion of 0.1% m/m is foreseen (1.8%y/y vs consensus 2.28%y/y), estimates Barclays.


Yen Sinks as BOJ Rate Hike Fails to Impress Markets
Fed Unveils Stablecoin Rules Under GENIUS Act
Trump Demands Powell Resign Over Fed Renovation Cost Overruns
RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise 



