US Edition7 Articles
7 Articles
The Bank of Mexico will analyze additional cuts to the reference rate taking into account the effects of all inflation determinants, revealed the minutes of the last meeting of the central bank’s governing board. “The actions that are implemented will be such that the reference rate is consistent, at all times, with the path required to promote the orderly and sustained convergence of general inflation to the 3% target within the expected time f…
Most members of the Board of Government of Banco de México (Banxico) see further cuts in the interest rate, but with a gradual approach, within the base cycle initiated a year ago by the central bank.The Banxico Minuta, corresponding to the decision announced on August 7, shows that three of the five members of the Board of Government are in favour of continuing the cycle of interest rate casualties, but reinforced the idea that forward adjustme…
The members of the Board of Government of Banco de México (Banxico) will maintain cuts to the interest rate , according to the minutes published this Thursday. In the document it states that the Board will assess future cuts to the interest rate, but trust that the exchange rate behavior, the weakness shown by economic activity and the possible impacts on trade policy changes at the global level will help inflation yield. However, sub-Governor J…
Banxico Minutes show split vote, further cuts lie ahead
Banco de Mexico (Banxico) revealed the minutes of the August 7 monetary policy meeting, in which the central bank decided to reduce rates by 25 basis points (bps) to 7.75% on a split vote, with Deputy Governor Jonathan Heath in favor of keeping rates unchanged.
The progress to bring inflation to the target is still on hold, said Banco de México’s deputy governor Jonathan Heath. “The reduction that has been observed so far in the inflation gap is explained in its entirety by easily reversible adjustments of the non-underlying component,” he said, arguing his dissenting vote in the monetary decision of August 7. As was stated in the 118th minute of the year’s fifth monetary decision, the central banker s…
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