Published on Wednesday, February 17, 2016 | Updated on Wednesday, February 17, 2016
Mexico | Package of fiscal, monetary and exchange rate measures to limit risks
Summary
In an extraordinary and unanimous decision Banxico unexpectedly increased the fondeo rate by 50bp due to the greater likelihood that the exchange rate depreciation leads to an increase in inflation expectations that are not in line with the consolidation of the permanent target of 3.0%
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Authors
JA
Javier Amador
BBVA Research - Principal Economist
IM
Iván Martínez Urquijo
BBVA Research - Senior Economist
FM
Francisco Javier Morales
AR
Arnulfo Rodríguez
BBVA Research - Principal Economist
CS
Carlos Serrano
BBVA Research - Chief Economist