Traders are delaying forecasts for interest-rate increases in Mexico for the tenth time this year as slumping U.S. growth and declining food prices restrain inflation.
Yields on 28-day interbank rate futures due in April, known as TIIE, fell 16 basis points this week to 5.01 percent, indicating traders are betting the central bank will wait until that month to increase the key rate from a record low of 4.5 percent. In Brazil, traders are betting the central bank will raise its key rate by 25 basis points, or 0.25 percentage point, to 12.50 percent today, the fifth increase this year.
Yields on 28-day interbank rate futures due in April, known as TIIE, fell 16 basis points this week to 5.01 percent, indicating traders are betting the central bank will wait until that month to increase the key rate from a record low of 4.5 percent. In Brazil, traders are betting the central bank will raise its key rate by 25 basis points, or 0.25 percentage point, to 12.50 percent today, the fifth increase this year.
