Move is as expected.
- Board was unanimous on rate decision
- balance of risks to growth continues with downward bias, some improvement versus last report
- Board hiked rates due to high levels of inflation, expected Fed hikes, and to anchor inflation expectations
- board will be vigilant on inflation trajectory, potential pass through on peso, relative monetary policy stance with US and output gap
- expects inflation to continue moderating and reach 3% target Q1 2019
- unfavorable evolution of NAFTA talks is risks to inflation
- will take quick action if needed to anchor inflation expectations and achieve convergence to target
- economy will continue to face a complex scenario going forward
- important monetary policy prevents price shocks from causing 2nd order effects
- notes inflation expectations have risen for the end of 2018
- economy will continue to face a complex scenario going forward
