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Banxico Governor Maintains Prudent and Gradual Stance On Easing Cycle

MEXICO
  • Recapping comments from Banxico’s Rodriguez on Wednesday, the Governor highlighted that persistent core inflation, which remains “relatively high,” is a challenge facing the central bank.
  • The Governor emphasised that future rate actions must be prudent and gradual when macroeconomic conditions allow for a change, according to remarks at an annual presentation to the Senate’s Finance Committee.
  • Despite the cautious tone, Rodriquez reiterated that controlling the rate differential between Banxico and the Fed is not an objective.

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