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Banxico Minutes Released

MEXICO

A link to the full minutes: https://www.banxico.org.mx/publications-and-press/...


"All members mentioned that a transitory increase of headline inflation during the second quarter of the year, associated with the arithmetic effects of the reduction of energy prices last year, is expected to take place. They pointed out that headline and core inflation are anticipated to converge to 3% within the time frame in which monetary policy operates."

  • Some differing views on the risks to inflation outlook and the effectiveness of further easing.

One member "emphasized that the present monetary policy decision does not compromise the downward trajectory of inflation and pointed out that in the current environment of high uncertainty, this decision does not constitute a guide for future actions. In his/her opinion, the most effective tool to facilitate the orderly adjustment of the economy to real shocks is to underpin public confidence in future monetary policy decisions maintaining price stability as their priority."

  • As expected, nothing set in stone for future decisions. For reference the next monetary policy decision for Banxico will be on March 25th.
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