Bank of Mexico lacks scope to counter Covid-19 – minutes

The Bank of Mexico
Photo: Daniel Hinge

Board members of the Bank of Mexico highlighted the limits monetary policy faces in countering the negative impact of the Covid-19 crisis, say the minutes of the latest meeting, held on March 20.

Back then, four out of five board members voted to cut the policy rate by 50 basis points to 6.5%. One, Javier Guzman, voted to reduce it by just 25 basis points. But in spite of growing economic uncertainty, and lower growth forecasts, most members think “monetary policy’s ability to mitigate the fall

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.