On March 30, Banxico’s Governing Board unanimously decided to raise the reference interest rate to 11.25%, an all-time high.
Espinosa asked that Banxico’s communication policy be “evaluated” in an “unpostponable” manner: “(the future guide) reinforces a very short-term vision, necessarily partial and incomplete, which does not meet the objective of contributing to the formation of expectations for the horizon in which monetary policy operates. Therefore, I reiterate the urgent need to evaluate our communication policy”.