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Friday, October 19, 2018

Banco de México: the right decision

Last week saw the publication of the minutes of the Banxico Governing Board's latest monetary policy meeting. As we already knew, it was decided to leave the monetary policy rate unchanged at 7.75%, in a split vote in which four members voted in favour of no change and one voted to increase the rate by 25 bp. In my view, the majority decision seems to be the right one.

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