Despite the recent slowdown in price increases in Mexico, the risk of inflation is still biased upward due to factors such as trade uncertainty and geographical conflict. This is what the minutes of the bank's August 6 monetary policy meeting showed. The bank reiterated its forward-looking interest rate guidelines, saying it was “appropriate” to keep interest rates unchanged. Some members of the Board of Governors of the Bank of Mexico pointed out that geopolitical hotspots continue to pose a risk of pressure on the supply of oil and other commodities.

Despite the recent slowdown in price increases in Mexico, the risk of inflation is still biased upward due to factors such as trade uncertainty and geographical conflict. This is what the minutes of the bank's August 6 monetary policy meeting showed. The bank reiterated its forward-looking interest rate guidelines, saying it was “appropriate” to keep interest rates unchanged. Some members of the Board of Governors of the Bank of Mexico pointed out that geopolitical hotspots continue to pose a risk of pressure on the supply of oil and other commodities.