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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
MexicoMexico Interest Rate Decison held to 3.75% in May 2016
FMPMonthlyReleased May 2016
Mexico Interest Rate Decison held to 3.75% in May 2016. The reading matched the 3.75% consensus. The print is running well above the 12-month average of 3.0%. Interest Rate Decison is now the highest in 12 months.
Latest Release
3.75
Actual
3.75
Consensus
3.75
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/MXN | ▼ Inverse | −0.50 | FOREX | Bullish MXN | → View |
| WTI Crude | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Interest Rate Decison (Mexico) was reported at 3.75% in May 2016. This matched the market consensus of 3.75% exactly. The reading was unchanged from the previous release. This is classified as a high-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/MXN (Bullish MXN). A secondary relationship exists with WTI Crude, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (May 25) and Business Confidence (Jun 1).
Auto-generated from current model state · Refreshes on each release · Last update May 2016.
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Interest Rate Decison - MX
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About Interest Rate Decison — Mexico
DEFINITION
The Interest Rate Decision is a key financial indicator that reflects the decision made by a central bank or monetary authority on whether to increase, decrease, or maintain the current interest rates. This decision has a significant impact on the economy, as it affects the cost of borrowing money, inflation rates, and overall economic growth. Investors and financial institutions closely monitor interest rate decisions as they can have a direct impact on stock markets, currency exchange rates, and consumer spending.
WHY THIS INDICATOR MATTERS
Policy-rate decisions and associated communication are the primary near-term driver of front-end rates, currencies, and equity-discount-rate inputs. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2016): actual 3.75 %, consensus 3.75 %. Prior reading (Apr 2015): 3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with USD/MXN (Bullish MXN, r=-0.50) — a useful reference for forex-focused traders.