Bank of Mexico gets lost in translation
Central bank removes sentence from English translation opening the possibility of a future rate cut
The Bank of Mexico said it had corrected a mistake in the English version of the minutes of its last policy meeting on February 21.
The initial version said: “The governing board will take the necessary actions, in whatever direction is required, so that the reference rate is kept at a level consistent with the convergence of headline inflation to Banco de México’s target within the time frame in which monetary policy operates.”
The central bank removed “in whatever direction is required” from
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