The Financial Institution of Mexico (Banxico) cut rates by 25 basis factors on August 7, as experts had been anticipating.
The financial policy committee authorized the choice by 4 votes to one. Jonathan Health, a former Banxico deputy guv, was the single skeptic, arguing that the rate must be held. Heath had actually dissented similarly at the bank’s previous conference in June, suggesting that core inflation was expensive and plan must continue to be limited.
Headline inflation in Mexico was 3 51 % year on year in
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