Fondeo rate will remain at 3.5%. Dovish tone as downward risks on economic activity increase
Published on Thursday, June 5, 2014 | Updated on Thursday, June 5, 2014
Fondeo rate will remain at 3.5%. Dovish tone as downward risks on economic activity increase
Summary
Lower than expected GDP growth in the first quarter increased the downward risks on economic activity. The monetary pause remains consistent with the current and expected economic conditions
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Central Banks
Authors
Arnoldo López
Iván Martínez Urquijo
BBVA Research - Principal Economist