Mexico's Slowing Economy Gives Banxico Space to Cut Key Rate, Official Says
Mexico's central bank has room to continue cutting its benchmark interest rate as the country's economy slows and the odds of a recession increase, according to Deputy Governor Jonathan Heath.
The current economic scenario makes it 'highly likely' that Banxico, as the bank is known, will continue to lower interest rates at its May 15 meeting while maintaining the restrictive stance necessary to bring inflation to target, Heath said in an interview on the Grupo Financiero Banorte podcast released Wednesday.
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