Back

LatinNews Regional Monitor: Mexico - 30 November 2018

In brief: Mexico

* Mexico’s central bank (Banxico) has released the minutes of the latest meeting (15 November) of its board in which it decided to increase the benchmark interest rate by 25 basis points to ten-year high of 8%. The minutes explain that Banxico’s board now considered it “indispensable” to adjust monetary policy in order to ensure that the national inflation rate returns to its target rate of 3%. The inflation rate is currently running at around 4.5% but the Banxico board does not think that it will start trending down unless it continues implementing restrictive monetary policy measures, particularly in the face of the uncertainty surrounding the change in government in Mexico due to take place on 1 December.

End of preview - This article contains approximately 118 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.