Central Bank of Mexico released the minutes of the October 29 meeting. The Bank hold the reference rate unchanged at 3.00%. Banxico is expected to wait till domestic conditions improved to adjust the monetary policy rather than reacting to the Fed's rate hike.
The industrial activity in the United States bounce bank, MXN seems softer. Therefore, some of the board members believe the economic activity in Mexico will improve in the coming months.
Consumption in the economy should continue growing and thereby, assist the total payrolls to recover and improve confidence. The board is waiting for the U.S decision on rate hike, but they may not act immediately. Banxico will not hike in December, but the Bank wait until June 2016, says Barclays.


Yen in Focus as BOJ, Fed Rate Hikes Reshape Currency Markets
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Fed’s Hammack Says More Data Needed Before Next Rate Move
RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise
Fed Unveils Stablecoin Rules Under GENIUS Act
RBA Set for September Rate Hike as Inflation Stays High
RBI Rate Hike Bets Surge as Inflation Rises 



