banxico decision, 2019-09-26
In this context, considering the reduction of headline inflation, the ample slack in the economy, and the recent behavior of external and domestic yield curves, Banco de México’s Governing Board decided by majority to lower the target for the overnight interbank interest rate to 7.75%, taking into account that under the current environment such level is consistent with the convergence of headline inflation to the central bank’s target within the time frame in which monetary policy operates.
Sentiment: rate_cut
Topic: mp_interest_rate