Published on Thursday, May 30, 2019 | Updated on Friday, May 31, 2019

Banxico remains overly hawkish

In our view, the start of the easing cycle is likely to come later than warranted. Banxico remained overly hawkish in its quarterly inflation report (yesterday) and in the minutes of the last meeting (16 May) released today.

Key points

  • Key points:
  • The little changed (overly hawkish) tone continues to signal an excessively cautious approach.
  • A delay of the start of the easing cycle seems increasingly likely.



Has this information been useful?

New comment

Be the first one to add a comment

Load more

You may also be interested in