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JPMorgan Sees Banxico Cutting Rate by 0.25% in December

Aug. 26 (Bloomberg) -- JPMorgan Chase & Co. sees Mexico’s central bank cutting interest rates by 25 basis points in December of this year, said Gabriel Casillas, chief Mexico economist.

The forecast is a change from the previous expectation of a long pause before an increase in the second half of next year, Casillas said today in a telephone interview from Mexico City.

Banxico, as the central bank is known, may be concerned with economic fundamentals and the risk of slower growth, he said.

To contact the editor responsible for this story: Jose Enrique Arrioja at jarrioja@bloomberg.net

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