, Columnist
Mexico's Inevitable Rate Cut, Stalled by Politics
It's a political waiting game at Banxico, but the economy shouldn't be in limbo.
The central bank governor, Agustin Carstens, could give Mexico a parting gift.
Photographer: Frederic J. Brown/AFP/Getty ImagesThis article is for subscribers only.
Mexico is in need of an interest-rate cut, but that path looks entangled in the nation's tortured electoral politics.
Bank of Mexico Governor Agustin Carstens could break through this in his final months -- if he and his committee can set aside their traditional caution.