Economics

Mexican Central Bank Signals Rate Cuts Will Only Come Gradually

AMLO appointees Esquivel, Heath voted for steeper reduction
Economists forecast another quarter-point cut in December

Signage is displayed on the exterior of Mexico's central bank, the Banco de Mexico, in Mexico City, Mexico, on Tuesday, March 15, 2016. Mexico is scheduled to announce a decision on changing its overnight lending rate on March 18.
Photographer: Susana Gonzalez/Bloomberg

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By Eric Martin

November 28, 2019 at 6:15 PM UTC

Updated on

November 28, 2019 at 6:31 PM UTC

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The majority of Mexico’s central bank board said monetary policy needs gradual adjustment, while policy makers appointed by President Andres Manuel Lopez Obrador again voted for steeper interest-rate cuts.