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Banxico Leave Options Open For Size Of September Hike

MEXICO
  • *BANXICO: BALANCE OF CPI RISK SIGNIFICANTLY TO UPSIDE (BBG)
  • *BANXICO TO DECIDE NEXT RATE MOVES SIZE ON PREVAILING CONDITIONS (BBG)
  • From the statement regarding the size of the next rate adjustment:
  • “The Board will thoroughly monitor inflationary pressures as well as all factors that have an incidence on the foreseen path for inflation and its expectations. This, in order to set a policy rate that is consistent at all times, with both the orderly and sustained convergence of headline inflation to the 3% target within the time frame in which monetary policy operates as well as with an adequate adjustment of the economy and financial markets. The Board will assess the magnitude of the upward adjustments in the reference rate for its next policy decisions based on the prevailing conditions.”
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  • *BANXICO: BALANCE OF CPI RISK SIGNIFICANTLY TO UPSIDE (BBG)
  • *BANXICO TO DECIDE NEXT RATE MOVES SIZE ON PREVAILING CONDITIONS (BBG)
  • From the statement regarding the size of the next rate adjustment:
  • “The Board will thoroughly monitor inflationary pressures as well as all factors that have an incidence on the foreseen path for inflation and its expectations. This, in order to set a policy rate that is consistent at all times, with both the orderly and sustained convergence of headline inflation to the 3% target within the time frame in which monetary policy operates as well as with an adequate adjustment of the economy and financial markets. The Board will assess the magnitude of the upward adjustments in the reference rate for its next policy decisions based on the prevailing conditions.”