Central Banks
Mexico Central Bank Has Room to Adjust Key Rate, Deputy Governor Mejia Says
- February inflation of 4.4% marked first slowdown since October
- Officials likely to start lowering borrowing costs this month
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Banxico Deputy Governor Omar Mejia said he sees room to adjust the Mexican central bank’s reference rate ahead of its next meeting on March 21.
The country’s balance of inflation risks is “less deteriorated,” according to Mejia, so there is room to change the central bank’s rate.