Bank of Mexico cuts rates by 25bp amid slowing inflation
Doveish tone signals further easing to come, say analysts
The Bank of Mexico (Banxico) on September 26 reduced its overnight interbank interest rate by 25 basis points to 10.5%.
Four of the five monetary policy committee (MPC) members, including governor Victoria Rodríguez, voted for the cut. The other member, Jonathan Heath, voted to hold.
In a statement, the MPC said Mexico’s economy was “undergoing a period of weakness” and that employment had “slowed down”. It added that the peso had remained highly volatile since the last MPC meeting in August.
Acco
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
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
More on Monetary Policy
Czech Republic, Sweden and Switzerland cut rates
25bp cuts across Europe follow Fed’s footsteps
People’s Bank of China cuts RRRs and key rates
Bank starts to implement slew of stimulus measures
Central banks must reckon with the costs of quantitative easing
Losses from asset purchases raise questions about the wisdom of the policy, writes Jagjit Chadha
BoE’s Greene strikes cautious note on consumption
Monetary policy committee member says UK consumption has been weak, but risks are to the upside
Hungary cuts rates by 25 basis points
Central bank says prime minister’s austerity plans will help by providing fiscal credibility
Central Bank of Brazil warns against lavish fiscal spending
Policy committee says unsustainable public debt would make it harder to control inflation
People’s Bank of China cuts medium-term lending rate
Reduction comes a day after PBoC unleashes slew of economic stimulus measures
Reserve Bank of Australia holds policy rate
Policy-makers say cut is unlikely in near term while government’s plan to overhaul central bank sours