Minutes of the Bank of Mexico meeting: Potential U.S. tariffs create significant uncertainty, leading to CPI risks

Wallstreetcn
2025.01.09 15:37

The Bank of Mexico released the minutes of the monetary policy meeting on December 19: it is necessary to support some significant interest rate cuts.

Central bank officials believe that the new government resulting from the U.S. elections in November 2024 will trigger market volatility.

Potential U.S. tariffs create severe uncertainty, leading to risks for the CPI (rising).

(The) tariff threats from Trump and foreign policies exacerbate risks for 2025.

Core CPI is one basis for the central bank's gradual adjustment of monetary policy.

Monetary policy is highly restrictive, which is another reason for the central bank's gradual policy adjustments.

In a complex situation, core CPI should not be overlooked.

An official stated that the Mexican economy has structural weaknesses

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