Bank of Mexico holds rates despite above-target inflation

Bank of Mexico

The Bank of Mexico’s board unanimously decided to leave its policy rate unchanged at 4% on May 13, in spite of above-target inflation.

The decision leaves real rates negative, with year-on-year inflation recorded at 6.1% in April. Banxico’s inflation target is 3% within a ±1% range.

In its policy statement, the board said that the balance of inflationary risks was “biased to the upside”. But it added that inflation expectations “for the medium and long terms remained stable at levels above the

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:

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: