At the September meeting, although inflation expectations were still high, the MPC maintained its stance as the global economy recovery was showing signs of losing momentum.
Additionally, tapering may pose some risks to Mexico’s economic rebound if the effect of less benign international financial conditions is not sufficiently offset by that of a stronger U.S. economic outlook. A long view on structural reforms During the last few months, Mexico has seen significant momentum on a structural reform agenda, a phenomenon that has not occurred in about two decades.