Banxico Is Committed to Maintaining the Interest Rate at 6.5% Against Inflation and External Risks
5 Articles
5 Articles
Mexico City, 20 Aug (EFE).- The Bank of Mexico (Banxico) maintained its interest rate at 6.5% when it considered it necessary to maintain a cautious monetary stance in the face of the persistence of service inflation and a balance of risks still biased upwards, amid a recent drop in prices and the weakness that the Mexican economy still shows. “Towards, the Governing Board considers that it will be appropriate to maintain the reference rate at i…
The Bank of Mexico (Banxico) anticipates that the reference interest rate will remain unchanged at the next meetings, following the adjustments made during the monetary relaxation cycle. The institution will pay special attention to the evolution of inflation, economic activity and financial conditions before determining future movements. The stance points to a stage of monetary pause, while Banxico evaluates the price behavior and the effects o…
Most of the members of the Board of Government of the Banco de México (Banxico) predict that the price increase, or inflation, will fall more gradually than expected. Some hope that it will converge towards the 3% target until the fourth quarter of 2027. According to the minutes of the last monetary policy meeting , the majority of the Board considered that the trajectory of inflation keeps an upward bias.
The Board of Government of the Bank of Mexico (Banxico) anticipated that forward it considers it appropriate to maintain the reference interest rate unchanged, according to the minutes of the last monetary policy meeting in August, released on Thursday.The Bank of Mexico (Banxico) maintained its reference rate at 6.50% on August 6, extending the pause initiated in June, in a unanimous decision that coincided with market expectations.
The central bank noted that an increase in refined fuels could shift to transport and production costs, in addition to affecting supply chains
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
