Bank of Mexico revamps policy communication

The Bank of Mexico unveiled major changes to its policy communication on February 10, aiming to enhance the effectiveness of its monetary policy and foster transparency.

The central bank will publish shorter and clearer policy statements, including for the first time the voting results of the board’s meetings, it said. From now on, the minutes of the policy meetings will include a section containing the arguments of dissenting board members.

The central bank will also now allow rate-setters to

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