Mexican central bank board cuts policy rate

Bank of Mexico

The Bank of Mexico cut rates again after its first monetary policy meeting of the year on February 11, in spite of rising inflation.

The five members of the executive board voted unanimously in favour of lowering the policy rate by 25 basis points to 4%. This is the first rate cut since September 2020.

In January, headline inflation rose year on year by 3.5%, up from 3.2% in December, above the Bank of Mexico’s target of 3%. The unanimous vote surprised most observers, because under similar

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: