Banxico remains cautious but eases tone
Published on Thursday, June 27, 2019
Banxico remains cautious but eases tone
Summary
Less hawkish wording suggest rate cuts later this year are likely.
Key points
- Key points:
- One member of the Board (likely Esquivel) voted for a rate cut
- The statement was less hawkish signaling that Banxico took a small step towards easing
- We continue to expect 50bp of rate cuts (to 7.75% by year-end), beginning in September
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Central Banks
Tags
Authors
Javier Amador
BBVA Research - Principal Economist
Carlos Serrano
BBVA Research - Chief Economist
Documents and files
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