*The head of Mexico’s central bank (Banxico), Victoria Rodríguez Ceja, has said that Banxico’s recent decision to cut interest rates does not mean that the “battle against inflation has ended”. In an interview with national daily El Financiero published yesterday she said that further rate cuts would be “gradual” while urging caution as the inflation environment is still “uncertain”. She said that future monetary policy decisions would depend on information available. On 21 March Banxico lowered interest rates by 25 basis points to 11%, the first modification since 30 March 2023, citing slowing inflation, among other things.
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LatinNews Daily - 26 March 2024
In brief: Mexico’s Banxico head signals caution over interest rate cut
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