Fynsa
The Central Bank's Board chose not to surprise market participants, which is quite revealing regarding the future cycle of rate hikes
For the time being, we continue to expect an increase in the TPM to reach a maximum level of 9.5%.
We must put ourselves in the pants and skirts of the Central Bank Advisors and anticipate what is to come for the rate over the next few months.
The big question is: Should the Central Bank backtrack on the guidance provided in the IPoM and continue with aggressive increases in the TPM?
