Banxico Strengthens End to Interest Rate Cuts: Slow Recovery of GDP
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3 Articles
The Board of Government of the Bank of Mexico (Banxico) is clear that the monetary stance reached must remain for a long period to face the inflationary shocks, in an environment of economic weakness that has been deeper than expected.For the rest of the year, some members of the board indicated that a more moderate economic recovery is expected than anticipatedAfter the publication of the minutes of the announcement of the monetary policy decis…
According to minutes of his last meeting, Banxico argued that the economy contracted in the first quarter at a faster pace than expected.
The two sub-governors of Banco de México (Banxico) who voted dissentingly in the last monetary decision warned of the difficulty of achieving inflation convergence and about the duration of the pause in interest rate cuts.Banxico published the Minute of the monetary policy decision announced on May 7, 2026, in which the central bank lowered the interest rate to 6.50% and closed its cycle of two-year cuts amid a truce of inflation in April, econo…
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