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Mexico could have space for at least two more interest rate cuts in 2021 if inflation stays in line with expectations, central bank Deputy Governor Gerardo Esquivel told Bloomberg News on Friday.
The bank, known as Banxico, cut for the 12th time since August 2019 this week, bringing the benchmark rate to 4%. The unanimous decision led economists to expect more easing in the coming months.
“In principle, with the expectations that we have and the projections which we have made public, I think there is space for at least two,” Esquivel said when asked if there could be more than one reduction this year.
www.bloomberg.com
When will the ratings companies start paying attention?
The bank, known as Banxico, cut for the 12th time since August 2019 this week, bringing the benchmark rate to 4%. The unanimous decision led economists to expect more easing in the coming months.
“In principle, with the expectations that we have and the projections which we have made public, I think there is space for at least two,” Esquivel said when asked if there could be more than one reduction this year.
Mexico Central Banker Sees Space for Two More Cuts in 2021
Mexico could have space for at least two more interest rate cuts in 2021 if inflation stays in line with expectations, central bank Deputy Governor Gerardo Esquivel told Bloomberg News on Friday.
www.bloomberg.com
When will the ratings companies start paying attention?
