Banxico stays hawkish; a period of extended monetary policy pause the most likely scenario
Published on Thursday, February 7, 2019 | Updated on Friday, February 8, 2019
Banxico stays hawkish; a period of extended monetary policy pause the most likely scenario
Summary
Banxico did not soften its tone; likely to remain hawkish in the near-term. Banxico unlikely to soften its stance in the near-term but the wording tempered the ready-to-hike disposition of the previous statement. We continue to expect the next move in the monetary policy rate to be down, but not until later in the year.
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- Mexico
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- Central Banks
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Authors
Javier Amador
BBVA Research - Principal Economist
Carlos Serrano
BBVA Research - Chief Economist
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