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Banxico To Base Future Decisions On Available Information, Consider Inflation Progress

MEXICO
  • Banxico to remain in data dependent mode going forward:
  • “In the next monetary policy meetings, it will make its decisions depending on available information. It will take into account the progress in the inflation outlook and the challenges that prevail. It will also consider the incidence of both the restrictive policy stance that has been maintained and that prevailing in the future on inflation throughout the horizon in which monetary policy operates. Actions will be implemented in such a way that the reference rate remains consistent at all times with the trajectory needed to enable an orderly and sustained convergence of headline inflation to the 3% target during the forecast period.”
  • The complete set of revised inflation forecasts were set out in the following table within the statement:

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