Bank of Mexico Keeps 3.0% Overnight Rate
October 31, 2014
Taking into account the above, the Governing Council has decidedto keep in 3 percent goal forthe interbank interest rate overnight, which estimated that the monetary stance is consistent with the efficient convergence of inflation to the target of 3 percent. Forward, it will remain attentive to the performance of all the determinants of inflation andexpectations for horizons of medium and long term. In particular, it will monitor the evolution of thedegree of slack in the economy to recovery planned, including the potential impact of the implementation of structural reforms, and posture Monetary relative of Mexico against the United States. All this in order to be in a position of the goal of designated inflation.
The last rate change was a 50-basis point cut in June. Between March 2013 and then, the rate was lowered by 150 basis points in four steps.
Copyright 2014, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bank of Mexico
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