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Mexico Likely to Hit Pause on Rate Cuts in May, Heath Says

Posted on AllSides April 20th, 2024
From The Left

Mexico’s central bank may vote unanimously to hold borrowing costs at 11% at its next meeting in May, a deputy governor said.

Banco de Mexico views its March rate cut as a first adjustment instead of part of rapid policy normalization, said Deputy Governor Jonathan Heath said in an interview on the sidelines of the annual International Monetary Fund meetings.

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