# Mexico: Politics should weigh on the peso – BBH — Octa

> Banco BBH says Mexico's economy is slowing, with Q3 GDP growth at 1.5% y/y, the weakest since Q4 2013. November CPI rose to 6.7% y/y, and the central bank may need another rate hike if the peso weakens further. Political uncertainty ahead of the July 2018 presidential election is also weighing on the currency.

- Date: 2017-12-28 · published 2017-12-28T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/67706-mexico-politics-should-weigh-on-the-peso-bbh-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Slower growth lowers demand for meat and feed, while high inflation and possible rate hikes add pressure on the peso and raise import costs.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/525424/

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