Banxico board uncertain on pace of easing, minutes reveal
Members had differing views on inflation dynamics and effects of tariffs in December meeting
Board members at the Bank of Mexico (Banxico) disagreed about the magnitude of rate cuts during their December monetary policy meeting, the latest minutes reveal.
Banxico reduced its policy rate by 25 basis points on December 19 in a unanimous decision. However, the minutes of that decision, published yesterday (January 9), suggest there was a 3–2 split among the board members.
Three members highlighted the possibility of larger cuts in forthcoming meetings, while the other two preferred the
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