US EditionBofA Raises Mexico Inflation Forecast, Sees Limited Banxico Rate Cuts
14 Articles
14 Articles
The Bank of Mexico (Banxico) predicts that the rate of interest rate cuts will slow after the half-percent reduction last month. Governor of Banxico Victoria Rodriguez openly expressed the possibility of lower cuts to the key interest rate in the future in a speech delivered on Wednesday. "For the future, we will consider additional cuts to the reference rate," she said at an event organized by the Association of Banks of Mexico (ABM).
Mexico City, 10 Jul (EFE).- The Bank of Mexico (Banxico) predicted that economic weakness will continue in the country, as well as that current pressures will not be sustained, which will help the “process of deinflation.” “Some predict that the weakness of economic activity will prevail,” the Central Bank’s Board of Government said, in a minute spread this Thursday, in which he added that “one externed that by 2025 a stagnation or even a slight…
MEXICO CITY.- On June 26, the Board of Government of the Bank of Mexico reduced the anchoring rate by 50 basis points, bringing it to 8.0%. The decision was made by a majority; Deputy Governor Jonathan Heath decided to maintain the rate at 8.50%. With the publication of the Minuta, we now have more details about the discussion. The Board maintains a cautious assessment of the performance of economic activity. Most of its members pointed out that…
The deputy governor of the Bank of Mexico (Banxico), Jonathan Heath Constable, explained that the Junta de Gobierno seems to send a sign of complacency in its fight against inflation at a time when interest rate cuts are accelerated and maintained. In the monetary policy decision of June 26, Banxico cut the interest rate by a majority vote at 50 basis points (pb) to 8.0%, but Heath Constable was the dissenting vote by choosing to keep it unchang…
Most members of the Board of Government of Banco de México (Banxico) see greater graduality in interest rate cuts that may come in the second half of the year, while Under-Governor Jonathan Heath warns of risks to monetary policy.The Banxico Minuta, corresponding to the decision announced on June 26, shows that members of the Board of Government are saying goodbye to the cuts to the rate in a magnitude of 50 basis points, as happened in the firs…
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