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Link to Statement and Key Passages

MEXICO
  • Link to full statement:
  • https://www.banxico.org.mx/publications-and-press/announcements-of-monetary-policy-decisions/%7B319A7969-EA50-3B0E-9D5B-2F1E21F58A41%7D.pdf
  • Key bits:
  • "Although the shocks that have affected inflation are expected to be of a transitory nature, given their variety, magnitude, and the extended time frame in which they have been affecting inflation, they may pose a risk to the price formation process. In this context, it was deemed necessary to strengthen the monetary policy stance in order to avoid adverse effects on inflation expectations"
  • "headline inflation is now expected to converge to the 3% target during the third quarter of 2022"
  • *Also mention to latest FOMC decision:
  • "The fact that in the United States annual CPI inflation reached 5% in May, the highest figure since September 2008, is noteworthy. The central banks of advanced economies left their monetary stimuli unchanged, although it is foreseen that these could be maintained for a shorter period"
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