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MEXICO: Banxico Deputy Governor Heath Claims August Rate Cut was Premature

MEXICO
  • Headlines have been filtering through from Banxico Deputy Governor Heath’s interview with El Universal via Reuters: 
    • August rate cut was premature
    • We need to see visible results, then we can lower rate
    • We need to be more cautious, analysts no longer believe our forecasts
    • Inflation can't be rising and us lowering rates, that's contradictory
    • Balance of risks for inflation remains biased toward upside
    • There is risk that rise in headline inflation could contaminate other prices
    • The US fed's decision in September will not affect my decision
EM BulletMexicoBulletGlobalEmerging Market NewsRegion
EM BulletMexicoBulletGlobalEmerging Market NewsRegion

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