BBVA Bancomer Sees Central Bank Cutting Rates in December

BBVA Bancomer expects Mexico’s central bank to start cutting rates by 25 basis points in December, depending on the exchange rate’s performance, said economist Julian Cubero.

BBVA Bancomer had previously forecast that Banxico, as the central bank is known, would increase rates in May 2013. Cubero spoke in a telephone interview in Mexico City.

Mexico’s central bank kept its benchmark interest rate unchanged today at 4.50 percent for a 22nd straight meeting.

To contact the reporter on this story: Nacha Cattan in Mexico City at

To contact the editor responsible for this story: Jose Enrique Arrioja at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.