Function of Policy Board members in making monetary policy decisions  In the remainder of my remarks, I will briefly touch on the central bank committee system in which monetary policy decisions are made as a result of deliberations among committee members, rather than by any one individual.
Moreover, inflation expectations of private sector economists also increased during the quarter, with analysts attributing their higher projections to volatile global oil prices, a weaker peso, and the transitory effects of recent tax measures on the prices of domestic goods and services.