Banxico meeting minutes released
- monetary policy faces complex environment
- CPI performance been better than expected
- Board to keep prudent monetary position
- Banxico to pay special attention to highly uncertain environment
- no evidence of dropping core inflation
- board mentions economic slack and cost pressures and vote
- All members see Mexico economic slowing faster than expected
- All members not 1Q economic contraction, 2Q weakness
- One member says Banxico remarks may cause CPI expectations to rise
- One member said no evidence of rebound in growth