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Mexico’s President Calls on Central Bank to Keep Cutting Rates

  • Lopez Obrador said interest rates too high to entice borrowing
  • Recent inflation surge could end record easing cycle
Andres Manuel Lopez Obrador

Andres Manuel Lopez Obrador

Photographer: Alejandro Cegarra/Bloomberg

Mexico’s President Andres Manuel Lopez Obrador said on Friday that the central bank needs to cut interest rates further to help reactivate the economy, even as a spike in inflation is slowing an easing cycle and may end it altogether.

Lopez Obrador was responding to comments from the country’s banking lobby, which said many people don’t want to borrow money because they’re concerned about spending during a recession.