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Banxico's Mejia Believes Committee Could Consider Slowing Hiking Pace

MEXICO
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  • Bank of Mexico Deputy Governor Mejia: Even with monetary stance in restrictive territory, economy is expected to continue growing this year. (Reuters)
  • Inflation slowdown taking longer than expected but Banxico expects it to reach its target in Q4 2024
  • "I believe that going forward we could consider slowing the pace of rate adjustments, as it is already very close to the appropriate level to consolidate a de-inflationary process," he said in a podcast interview with Grupo Financiero Banorte.
  • "I believe the main challenge for inflation today is that the core component continues to show high persistence".
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  • Bank of Mexico Deputy Governor Mejia: Even with monetary stance in restrictive territory, economy is expected to continue growing this year. (Reuters)
  • Inflation slowdown taking longer than expected but Banxico expects it to reach its target in Q4 2024
  • "I believe that going forward we could consider slowing the pace of rate adjustments, as it is already very close to the appropriate level to consolidate a de-inflationary process," he said in a podcast interview with Grupo Financiero Banorte.
  • "I believe the main challenge for inflation today is that the core component continues to show high persistence".