uld increase much more (Chart 3). jes Bankof America 2 Liquid Insight | 22 September 2016 Merrill Lynch HOUSE_OVERSIGHT_010610 --- PAGE BREAK --- The Bank of Mexico will meet on 29 September, and a 50bp rate hike is already priced in (Chart 4). A stronger hike, perhaps of 75bp, or a 50bp rate hike accompanied by

s from the central bank (including the Governor) and the ministry of finance. Policy implementation relies on the central bank (www.banxico.org.mx). The Bank of Mexico also designs and implements monetary policy to ensure price stability. • Foreign investors are exempt from withholding tax in government securitie