Mexico | Package of fiscal, monetary and exchange rate measures to limit risks
Published on Wednesday, February 17, 2016 | Updated on Wednesday, February 17, 2016
Mexico | Package of fiscal, monetary and exchange rate measures to limit risks
Summary
In an extraordinary and unanimous decision Banxico unexpectedly increased the fondeo rate by 50bp due to the greater likelihood that the exchange rate depreciation leads to an increase in inflation expectations that are not in line with the consolidation of the permanent target of 3.0%
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Authors
Javier Amador
BBVA Research - Principal Economist
Iván Martínez Urquijo
BBVA Research - Principal Economist
Francisco Javier Morales
Arnulfo Rodríguez
BBVA Research - Principal Economist
Carlos Serrano
BBVA Research - Chief Economist