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MEXICO: Banxico Releases Minutes Of November MPC Meeting

MEXICO
EM BulletMexicoBulletEmerging Market NewsNorth America
  • The minutes to the November 14 MPC meeting are here.
  • One member mentioned that "considering the current levels of core inflation and the expectation that it will continue declining, a larger rate adjustment could be considered at the next monetary policy meeting. He/she underlined that the monetary policy stance would remain in restrictive territory, as it continues to be necessary. He/she pointed out that, although progress in disinflation is undeniable, the environment faced is complicated, not only because the shocks of recent years have not yet dissipated, but also because the recent events suggest new challenges ahead."
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  • The minutes to the November 14 MPC meeting are here.
  • One member mentioned that "considering the current levels of core inflation and the expectation that it will continue declining, a larger rate adjustment could be considered at the next monetary policy meeting. He/she underlined that the monetary policy stance would remain in restrictive territory, as it continues to be necessary. He/she pointed out that, although progress in disinflation is undeniable, the environment faced is complicated, not only because the shocks of recent years have not yet dissipated, but also because the recent events suggest new challenges ahead."