Economics
Central Banker Sees Mexico’s Monetary Easing Cycle as Over
- Bank’s Deputy Governor Irene Espinosa speaks in interview
- Mexico may need to hike rates before U.S. Federal Reserve does
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A member of Mexico’s central bank board said there’s no room for further interest rate cuts, and the bank may eventually need to start withdrawing stimulus if inflation pressures remain elevated.
Asked in an interview with Bloomberg News if she thought further monetary easing is off the table, Deputy central bank Governor Irene Espinosa said, “Yes, I think so, definitely in this context.” Swap rates rose after her comments.