IMF staff suggest review of Mexico’s inflation target

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An International Monetary Fund staff report suggested the Bank of Mexico could commission an independent review of its inflation targeting regime.

“Although inflation levels and volatility have declined notably following the introduction of inflation targeting, actual inflation and inflation expectations have remained closer to the upper range of the target,” says the staff report, published on November 4.

The IMF executive board’s expressed differing views on what the Bank of Mexico’s

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