Publications

The Board of the Banco de la República kept the policy rate unchanged at 9.5% in a split decision (4 to 3). The decision was based on inflationary and fiscal risks, as well as external uncertainty.

The ECB cuts interest rates by 25bp as inflation stays in line with expectations, but uncertainty increases ahead of April due to potential political moves in Europe and the US.

The Board of BanRep kept the policy rate unchanged at 9.5%. Notably, concerns persist regarding inflation, exchange rate volatility, and fiscal uncertainty.

The ECB adopted a relatively dovish stance today while implementing the widely expected rate cut, signaling the possibility of further reductions without committing to a specific terminal level. This approach aligns with the continued progress in disinflation and the subdued momentum of the Eurozone economy.

The Board of Banrep reduced its monetary policy rate by 50 bps, bringing it to 9.75%. This decision was split, with 4 members in favor of the 50 bp reduction and three members voting for a larger reduction of 75 bp. The balance reached at the last meeting remain unchanged.

The Board of Banrep reduced its monetary policy rate by 50 bps, bringing it to 10.25%. This decision was split, with 4 members favoring the 50 bp reduction and three members voting for a larger reduction of 75 bp.

This meeting further supports the expectation of an initial rate cut in June in line with our forecasts. The updated projections match our own. Nevertheless, the ECB needs to verify that core inflation, particularly from services and consequently wages, moderates as expected.

This Agenda presents the 2024 dissemination schedule for economic indicators and relevant monetary policy events in Mexico and the US; dates of important events such as the meetings of various relevant international entities such as: World Economic Forum, World Bank and the IMF