Banxico: Board Was Not Unanimous On Rate Decision

Looking Ahead, The Governing Board Considers That Maintaining The Reference Rate At The Attained Level For An Extended Period Will Support The Convergence Of Inflation To Its Target Forecasts Q4 2026 Average Annual Headline Inflation At 3.7% Versus Previous Forecast Of 3.5% Forecasts Q4 2027 Average Annual Headline Inflation At 3.0% Versus Previous Forecast Of 3.0% Forecasts Q4 2026 Average Annual Core Inflation At 3.7% Versus Previous Forecast Of 3.6% Forecasts Q4 2027 Average Annual Core Inflation At 3.0% Versus Previous Forecast Of 3.0% Balance Of Risks For The Trajectory Of Inflation Within The Forecast Horizon Remains Biased To The Upside Will Make Its Decisions Considering The Observed And Expected Behavior Of Inflation And Its Determinants