Central Banks
Mexico Central Bank Deputy Jonathan Heath Floats Interest Rate Cut Delay to Mid-2024
- Board member Jonathan Heath speaks in exclusive interview
- Most analysts expect start of easing in first quarter of 2024
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Mexico’s central bank is open to starting interest rate cuts in mid-2024, later than analysts expect, as a strong local economy complicates its inflation fight, a prominent board member said in an interview.
Analysts are correct in penciling in the start of Banco de Mexico’s monetary easing no earlier than the first quarter of 2024, Jonathan Heath said in an interview on Friday. Resilient consumption, low unemployment and strong private investment are among the factors pointing to a “very dynamic economy, which obviously is working against us trying to fight inflationary pressures.”