US EditionJonathan Heath Criticizes Banxico for Cutting 50 Points at the Rate: ‘It Undermines Credibility’
7 Articles
7 Articles
The 50-point cuts to the Bank of Mexico rate are ‘history’, agreed the members of the Board of Government according to the minutes published on Thursday, July 10. What will happen then at the meeting on August 7? The debate will be between stopping the cuts to the rate or applying one of 25 basis points, a decision that will depend on inflation data. The Bank of Mexico reduced its interest rate by 50 base points to 8 percent, a decision that did…
Bank of Mexico (Banxico) faces a period of resistant inflation, which contrasts with expectations, a situation that, from the perspective of the sub-governor, Jonathan Heath Constable, causes the central bank to lose credibility. That perception causes some skepticism among economic agents, but they also take it calmly, considering that it is only the position of a member of the Board of Government and not an opinion of the monetary entity. In i…
The disagreement on the board of government of Banco de México places on the table of analysis and public discussion a question: is the 50-point base reduction of the reference interest rate, despite the persistent upward inflation and, its distance from the goal of the central bank itself, undermining the credibility of the institution?Such is an approach that was already observed among private analysts, albeit minorityally.The worrying thing i…
The institution highlighted the increase in general inflation from 3.93% to 4.20%. The post Central Bank of Mexico foresees more rate cuts, despite the possible impact of tariffs appeared first on Monitor Mercantil.
The Bank of Mexico, the central bank of the country, has advanced further cuts in interest rates, which are currently at 8% after the last decline in 50 basis points, in the context of economic uncertainty due to the effects of US President Donald Trump's tariff policies.
MADRID, 10 (EUROPA PRESS) The Bank of Mexico, the central bank of the country, has advanced further cuts in interest rates, which are currently 8% after the last decline in 50 basis points, in the context of economic uncertainty due to the effects of the US president's tariff policies, [...] The entry The central bank of Mexico advances new rate cuts despite the possible impact of tariffs aparece primero en Forbes España.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
To view factuality data please Upgrade to Premium
