UPDATE 2-Mexico central bank minutes show newest board member’s dovish thinking


Source: Yahoo! Finance

MEXICO CITY, July 8 (Reuters) – New Bank of Mexico board member Galia Borja emerged as one of two dissenting doveish voices when the central bank unexpectedly raised interest rates last month due to concerns about inflationary pressures, minutes from its latest monetary policy meeting showed Thursday.

With the votes of Banxico governor Alejandro Diaz de Leon and members Irene Espinosa and Jonathan Heath, the bank’s five-member board decided by a majority to raise the benchmark interest rate by 25 basis points to 4.25% at the June 24 meeting.


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