Page 36 - Nterestrate News Today

Mexican Peso (MXN) remains on the defensive against the US Dollar (USD), hitting a weekly low of 17.93 as shown by the USD/MXN due to hawkish comments by US Federal Reserve (Fed) Chair Jerome Powell.

The ECB's mandate is clear: to ensure price stability in the Eurozone.

The Federal Reserve left its benchmark rate unchanged at a 22-year high at the conclusion of its meeting last week.

The Polish Zloty rallied noticeably after the Polish Central Bank (NBP) surprisingly kept interest rates unchanged.

Banxico will announce its rate decision later today. Economists at ING analyze Mexican Peso’s outlook ahead of the meeting.

The Mexican Peso is facing an exciting day today. Economists at Commerzbank analyze MXN outlook.

The BoE left rates at 5.25% for a second straight meeting in October.

Regardless of whether the Eurozone falls into recession, economists at Wells Fargo see enough growth headwinds to suggest that the European Central Bank's (ECB) monetary tightening is done.

Mexican Peso prints modest gains against the US Dollar in early trading on Thursday, with traders awaiting the Bank of Mexico (Banxico) monetary policy decision.

The European Central Bank (ECB) Governing Council member Martins Kazaks said on Wednesday, ‘we are committed to our target of 2% and we shall deliver it.” “Our current outlook forecasts that we will achieve it in the second half of 2025.