Free Trial

Banxico Considered The Disinflationary Process Is Underway

  • Link to statement:
  • The board "considered that the disinflationary process is underway given that diverse pressures have eased. Nevertheless, it deemed that these continue having an incidence on inflation, and thus it remains high. Also, that the inflationary outlook is still very complex."
  • Banxico reiterate that "in order to achieve an orderly and sustained convergence of headline inflation to the 3% target, it considers that it will be necessary to maintain the reference rate at its current level for an extended period."
  • The complete set of revised inflation forecasts are set out in the following table within the statement:

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.