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Banxico Governor Says Services CPI Showing Resistance To Decrease

MEXICO
  • BANXICO'S RODRIGUEZ: SERVICES CPI SHOWS RESISTANCE TO DECREASE
    • MEXICO DISINFLATION STILL FACES CHALLENGES (BBG)
  • BANXICO MAY NEED TO DO A 'FINE' RATE ADJUSTMENT, HEATH SAYS
    • BANXICO'S HEATH SAYS RATE CUTS SHOULD BE GRADUAL, CAUTIOUS (BBG)
  • This echoes previous comments made by Heath this week where the Banxico Deputy Governor Jonathan Heath said that if inflation continues to drop, especially core inflation, an 'adjustment' to interest rate could come by February or March. In a radio interview, Heath highlighted that any early interest rate cuts should be seen as "slight adjustments," not the start of a rate-lowering cycle.

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