Unexpectedly, Banxico cuts fondeo rate in 50bp to 3.0% as economic slack increases

Published on Friday, June 6, 2014 | Updated on Monday, June 9, 2014

Unexpectedly, Banxico cuts fondeo rate in 50bp to 3.0% as economic slack increases

Summary

The surprising rate cut suggests that the central bank considers that the economic slack will prevail for longer and that inflation will remain under control.

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Authors

Arnoldo López
Iván Martínez Urquijo BBVA Research - Senior Economist

Documents and files


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Report (PDF)

140606_FlashBanxicoMexico_Reunion

Spanish - June 6, 2014

Report (PDF)

140606_FlashBanxicoMexico_Reunion_eng

English - June 6, 2014

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