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AMLO Says He’d Like Mexico to Cut Interest Rates to Boost Growth

  • President respects Banxico autonomy, says economy needs lift
  • Lopez Obrador speaks in 50-minute interview with Bloomberg
Bloomberg business news
AMLO Would Like Mexico's Central Bank to Cut Rates
Updated on

Mexico’s interest rates are too high for a slowing economy, President Andres Manuel Lopez Obrador said in an interview, though he added that he respects the central bank’s freedom to set them independently.

“The Bank of Mexico is watching over inflation. That’s not bad,” Lopez Obrador told Bloomberg Editor-in-Chief John Micklethwait in Mexico City. “But it’s important to lower rates to kickstart the economy.”