Mexican board split on July rate decision

bank-of-mexico
Bank of Mexico

The Bank of Mexico board of governors was split over its latest monetary policy decision, as only three of the four members in attendance voted to keep the key policy rate unchanged at 3%.

One member voted to increase the rate by 25 basis points on July 30, according to the minutes from the meeting, published on August 13, though that member was unnamed.

The board's voting members consist of governor Agustín Carstens and his four deputies, though on this occasion deputy governor, Manuel Ramos

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