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Banxico's Mejia Says There Is Space To Adjust Reference Rate

MEXICO
  • Banxico Deputy Governor Mejia comments filtering through on the Bloomberg terminal from a Banorte podcast, highlighting that there is space to adjust Banxico's reference rate:
    • Mexico still has long way for cpi to reach 3% target
    • Mexico’s CPI outlook has "improved significantly"
    • Banxico can adjust monetary stance and stay restrictive
    • Mexico cpi balance of risks "less deteriorated"
    • There is space to adjust Banxico's reference rate
    • Banxico must try not to take excessive restrictive stance
    • Challenge is to adjust stance consistent with cpi path

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