Below are some key takeaways, via Reuters, from the Mexico Central Bank’s recently published meeting minutes.
- Most members thought balance of risks to inflation had deteriorated.
- Most members thought balance of risks to growth maintained downside bias.
- All members said that some risks to inflation have already materialized, which could affect inflation’s convergence to its 3 pct target.
- All members cautioned that monetary policy faces a more adverse scenario and with greater uncertainty.
- All members agreed that, under a more adverse scenario, a monetary policy response is essential to prevent inflation expectations from de-anchoring.
- Most members highlighted the need to maintain a prudent monetary policy.
Share
