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MNI INTERVIEW: Banxico Opens Door To Further Rate Cuts -Armijo

Former senior economist at Banxico, Alberto Armijo, speaks with MNI in an interview.

MNI (MEXICO CITY) - Mexico's central bank is laying the groundwork to cut interest rates at each of its three remaining meetings this year, though a November pause to assess the effects of two previous reductions on the economy cannot be ruled out, former senior Banxico economist Alberto Armijo told MNI.

"Considering the messages from the minutes and the Quarterly Report, I believe Banxico has opened the door to rate cuts at each of the remaining meetings this year, with the possibility of a pause in November to see the effects of the two cuts," said Armijo, now chief economist at a large investment fund, in an interview.

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MNI (MEXICO CITY) - Mexico's central bank is laying the groundwork to cut interest rates at each of its three remaining meetings this year, though a November pause to assess the effects of two previous reductions on the economy cannot be ruled out, former senior Banxico economist Alberto Armijo told MNI.

"Considering the messages from the minutes and the Quarterly Report, I believe Banxico has opened the door to rate cuts at each of the remaining meetings this year, with the possibility of a pause in November to see the effects of the two cuts," said Armijo, now chief economist at a large investment fund, in an interview.

Keep reading...Show less