Banco de Mexico minutes could be interesting - BBH

Analysts at Brown Brothers Harriman noted that Banco de Mexico releases its minutes Thursday.  

Key Quotes:

"At that meeting, it hiked rates 50 bp to 5.25% and left the door open to further tightening.  

Minutes will be scoured for clues, but we believe the major determinants going forward will be external.  

The next policy meeting is December 15, and the decision will largely depend on 1) the Fed and 2) the peso.  If the Fed hikes December 14 and the peso remains under pressure, another 50 bp hike next month seems likely."