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The Central Bank of Mexico has recently published the minutes of its last meeting, providing the key highlights, via Reuters, found below.

  • All members agree downward trajectory on inflation is due in good measure to actions of monetary policy.
  • Majority of members think inflation will continue in line with estimates.
  • Minutes say all members said important that monetary policy contributes to convergence of inflation to target.
  • Majority of members thought the balance of risks to growth remain tilted downward.
  • Most members thought balance of risks to inflation remained tilted upward.
  • Majority said central scenario is based on orderly behavior of peso.