Banxico cuts its policy rate for the 5th meeting in a row
Published on Thursday, February 13, 2020 | Updated on Friday, February 14, 2020
Banxico cuts its policy rate for the 5th meeting in a row
Summary
The monetary policy rate has plenty of room to decline without affecting inflation or the MXN.
Key points
- Key points:
- In an unanimous vote Banxico lowered the rate to 7.00%
- The wording of the statement remains cautious and somewhat hawkish
- In our view, at least a neutral stance (nominal rates of 6.0% or lower) is warranted but Banxico’s hawkishness tilts the risks to less cuts not more
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Central Banks
Authors
Javier Amador
BBVA Research - Principal Economist
Carlos Serrano
BBVA Research - Chief Economist
Documents and files
Warning: Invalid argument supplied for foreach() in /var/www/html/wp-content/themes/bbvaresearch/single.php on line 834