Not raising rates could hurt credibility – Mexican board member

Bank of Mexico

The lone dissenter on the Bank of Mexico’s monetary policy committee believed leaving rates on hold could threaten the institution’s credibility, the committee’s minutes from its latest  meeting revealed.

This is the first time Mexico’s central bank has revealed the votes of its members in an attempt to make its monetary policy communications more transparent.

”Not responding to the current inflation forecast and upward pressures on core inflation “could be very costly”, deputy governor Manuel

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