Mexican central bank hikes rates

  • 13 of 27 economists surveyed by Bloomberg were looking for a hike
  • Remainder of economists expected rates to be raised to 4.50%
  • Will remain flexible to conditions to decide on rates
  • Will pay attention to CPI expectations and MXN impact

Mexico is at the whims of the US election at the moment. There's not much the central bank can do for MXN.

USD/MXN fell to 19.41 from 19.50 on the headlines, which is next-to-nothing.