Published on Thursday, February 10, 2022 | Updated on Friday, February 11, 2022

Banxico delivers second 50bp hike in a row

The hiking cycle has further to run but the Board might take the foot off the gas in coming meetings if core inflation starts to ease

Key points

  • Key points:
  • Banxico hiked the policy rate by 50bp for the second consecutive meeting, taking it to 6.00%
  • In a split 4-1 vote, the new governor siding with the hawkish side of the Board
  • The decision of a large majority of the Board, the hawkish tone of the statement, and the upward revision of the inflation forecasts, point to additional hikes ahead

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