Annual inflation in Mexico accelerated in the first half of February to 7.22%, above market expectations and reinforcing expectations that Banxico will continue to raise its key rate, following the next steps of the US Federal Reserve (Fed). .
“In the following decisions, the Governing Board will closely monitor inflationary pressures, as well as all the factors that affect the expected trajectory for inflation and its expectations,” Banxico said in the minutes of its latest monetary policy decision published on Thursday. .
“All (the members of the Banxico governing board) mentioned that inflation expectations for 2022 and 2023 increased again,” he added.
The next announcement of Banxico’s monetary policy decision is scheduled for March 24.
The issuer raised its benchmark interest rate for the sixth consecutive month to 6% from 5.5% this month in a split decision, citing longer duration and magnitude of inflation pressures.
