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Banxico Minutes Confirm 50 Bps Rate Cut, Cites High Level of Uncertainty, Economic Weakness
9 Articles
9 Articles
The Bank of Mexico (Banxico) cut its forecast of economic growth for the country for this year from 0.6 to 0.1 percent. In the presentation of the January-March 2025 Quarterly Report of the Central Institute, Victoria Rodríguez Ceja, Governor of Banxico, considered that the review reflects the weakness that the economy has shown for several quarters and that it lengthened to the first of 2025, as well as the impact by the tariff measures of the …
The Board of Government of the Bank of Mexico (Banxico) does not rule out half a percentage point adjustments in the current cycle of interest rate cuts. The minutes of the third monetary meeting of the year, in which it reduced the rate by 50 basis points to 8.50%, indicate that the inflationary environment will allow for further cuts to the reference rate, while maintaining a restrictive stance. Most members stressed that inflation is currentl…
Reading time approx.: 2 minutes, 26 secondsThe minutes of the most recent monetary policy meeting revealed that all members of the highest decision-making body highlighted the associated risks "with a possible intensification of the uncertainty surrounding trade policy" of Mexico's main trading partner.
A member of the Board of Government of Banco de México (Banxico) suggested deleting in the prospective guide for the financial market that the following meetings will continue with interest rate cuts at a magnitude of 50 basis points.The Minute of the monetary policy decision of 15 May, in which Banxico cut the interest rate at 50 basis points to leave it at 8.50%, showed that one member poses risks to inflation, although he is in favour of cont…
Sheinbaum had repudiated a similar estimate from the International Monetary Fund a month ago, which adjusted the forecast of growth downwards. In that same logic, Sheinbaum denied that there were problems with the worm sweeper, the smallpox of the monkey or the most recent variant of the Covid, the NB1801. Los Angeles Press Although the activity of this Thursday, May 29, was originally focused on health issues, in which, once again, the official…
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