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MNI BANXICO WATCH: Banxico Set To Initiate Easing Cycle

(MNI) BRASILIA

Members of the central bank's board have called for an adjustment to monetary policy as inflation slides.

The Central Bank of Mexico is set to reduce its overnight interbank interest rate by 25 basis points to 11.00%, on Thursday, commencing an easing cycle after seven meetings during which it held borrowing costs unchanged.

Banxico board members will also debate how to communicate their next steps, and to direct expectations correctly while preserving room for maneuver, as MNI has previously reported. (See MNI POLICY: Banxico Set To Discuss Forward Guidance)

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The Central Bank of Mexico is set to reduce its overnight interbank interest rate by 25 basis points to 11.00%, on Thursday, commencing an easing cycle after seven meetings during which it held borrowing costs unchanged.

Banxico board members will also debate how to communicate their next steps, and to direct expectations correctly while preserving room for maneuver, as MNI has previously reported. (See MNI POLICY: Banxico Set To Discuss Forward Guidance)

Keep reading...Show less