banxico decision, 2019-08-15
In this context, considering that headline inflation has decreased as foreseen by Banco de México, the greater than expected widening in the amount of slack in the economy, and the recent behavior of the external and domestic yield curves at various terms, Banco de México’s Governing Board decided by majority to lower the target for the overnight interbank interest rate by 25 basis points to 8.00%, considering 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