The Bank of Mexico (Banxico) cut rates by 25 basis points on August 7, as analysts had been expecting.
The monetary policy committee approved the decision by four votes to one. Jonathan Heath, a former Banxico deputy governor, was the sole dissenter, arguing that the rate should be held. Heath had dissented in the same way at the bank’s previous meeting in June, arguing that core inflation was too high and policy should remain restricted.
Headline inflation in Mexico was 3.51% year on year in
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
by :
Source link
