BofA Holds to Call for Banxico to Reach 6% by 2026, Sees March Cut as Probable
Bank of America continues to forecast Mexico's policy rate falling to 6% by the end of 2026 and expects a 25 basis point reduction as early as March. The bank maintains this out-of-consensus view despite identifying upside inflation pressures from energy, fertilizer, shipping and commodity markets. BofA says Banxico is likely to justify a March cut…