# JPMorgan and Itau Flip to See Mexico Rate Hike on Airport's End - Bloomberg

> JPMorgan Chase and Itau Unibanco now expect Mexico's central bank to raise rates by a quarter point at its November 15 decision, reversing earlier forecasts of no change. JPMorgan also sees a significant chance of a half-point hike or a further quarter-point hike in December. The shift follows the peso's sharpest decline in two years after the airport cancellation.

- Date: 2018-10-30 · published 2018-10-30T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/62742-jpmorgan-and-itau-flip-to-see-mexico-rate-hike-on-airport-s-end-bloomberg
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Tighter Mexican monetary policy to defend the peso would slow domestic credit and economic activity, which can reduce demand for feed and meat in Mexico over time. The direct impact on feed commodity prices is limited.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-10-30/jpmorgan-and-itau-flip-to-see-mexico-rate-hike-on-airport-s-end

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.