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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: