Banxico minutes: Most members see balance of risks to inflation remained tilted upward

The Central Bank of Mexico has recently published the minutes of its last meeting, providing the key highlights, via Reuters, found below.

• All members agree downward trajectory on inflation is due in good measure to actions of monetary policy.
• Majority of members think inflation will continue in line with estimates.
• Minutes say all members said important that monetary policy contributes to convergence of inflation to target.
• Majority of members thought the balance of risks to growth remain tilted downward.
• Most members thought balance of risks to inflation remained tilted upward.
• Majority said central scenario is based on orderly behavior of peso.