Unexpectedly, Banxico cuts fondeo rate in 50bp to 3.0% as economic slack increases
Published on Friday, June 6, 2014 | Updated on Monday, June 9, 2014
Unexpectedly, Banxico cuts fondeo rate in 50bp to 3.0% as economic slack increases
Summary
The surprising rate cut suggests that the central bank considers that the economic slack will prevail for longer and that inflation will remain under control.
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Central Banks
Authors
Arnoldo López
Iván Martínez Urquijo
BBVA Research - Principal Economist