Banxico seeks to adjust monetary policy under Trump’s tariff pressure

Almomento.Mx

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MEXICO CITY.- The governor of the Bank of Mexico (Banxico), Victoria Rodríguez Ceja, warned of “significant effects” on the restrictive measures adopted by President Donald Trump. She stressed that the imposition of tariffs of 25% on Mexican exports could have a significant effect on Mexico’s economic activity and generate mixed inflationary pressures. “When economic activity was weakened, this would go in the direction of having lower price var…

Periódico Correo

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This Wednesday Banxico de Victoria Rodríguez took a step forward and adjusted his expectation for the current year’s GDP from 1.2% to just 0.6%, given the weakness that prevails. Surely other analysts will do the same. By itself many were already about 0.8% as BofA, CIBanco, Deutsche Bank, Base Bank. Banamex’s team with Sergio Kurczyn is located at 0.2% and GEA from Mauricio González at 0.4%. The central bank recognizes the stagnation with which…

Bloomberg Linea

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Bank of Mexico (Banxico) has decided to put its plan of interest rate cuts ahead of the uncertainty generated by US President Donald Trump's tariff imposition policy, as part of a strategy to calibrate the monetary stance against what he has called a new phase of inflation.In less than 24 hours, the Banxico Board of Government broke its arguments to defend its position of going towards a cycle of interest rate cuts even with the unknowns present…

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Several members of Mexico’s central bank spoke of a “new stage” of monetary policy in which changes could be made quickly to bring inflation closer to the monetary authority’s 3% target. Read more