Mexican central bank leaves rates unchanged at 11.25%

The vote was unanimousThe monetary policy stance remains in the trajectory required for inflation to coverage to 3% targetBalance of risks for inflation remains to the upsideRemoves previous guidance about needs to hold key rate 'for some time'At the next meetings it will assess the possibility of adjusting rateIt looks like they're edging towards cutting but they're not in a hurry. This article was written by Adam Button at www.forexlive.com.

Feb 9, 2024 - 01:30
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Mexican central bank leaves rates unchanged at 11.25%
  • The vote was unanimous
  • The monetary policy stance remains in the trajectory required for inflation to coverage to 3% target
  • Balance of risks for inflation remains to the upside
  • Removes previous guidance about needs to hold key rate 'for some time'
  • At the next meetings it will assess the possibility of adjusting rate

It looks like they're edging towards cutting but they're not in a hurry.

This article was written by Adam Button at www.forexlive.com.
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