MNI BRIEF: Banxico To Keep Discussing Rate Cuts - Ceja
MNI (MEXICO CITY) - Mexico Central Bank Governor Victoria Rodriguez Ceja said Wednesday an improving inflation outlook means policymakers will keep debating further interest rate cuts at upcoming meetings, though no decisions will be made based on a single data point.
"We are anticipating that the inflationary environment will allow us to continue discussing and making adjustments to the reference rate," she she said during a virtual presentation of the central bank’s quarterly economic update for the second quarter of 2024. (See MNI INTERVIEW: Banxico Easing Pause In Sight- Roldan)
Banxico cut rates by 25 basis points earlier this month.
“We don't make decisions based on a single data point, for example, how inflation looks today, its components, or its determinants, but we also consider how they are expected to evolve going forward. So, it's different elements and not marginal data that lead us to make our monetary policy decisions," Rodriguez Ceja added.