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MNI INTERVIEW: Lower Rates With Disinflation- Banxico's Mejia

Central Bank of Mexico Deputy Governor Omar Mejia speaks with MNI in an interview.

MNI (MEXICO CITY) - Banxico needs to reduce the level of monetary policy restriction given recent disinflationary progress, Central Bank of Mexico's Deputy Governor Omar Mejia told MNI, adding that excessively high interest rates for an extended period may cause distortions in markets and the economy.

"It is necessary to adjust the level of restriction," said Mejia in an interview at his offices in Mexico City.

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MNI (MEXICO CITY) - Banxico needs to reduce the level of monetary policy restriction given recent disinflationary progress, Central Bank of Mexico's Deputy Governor Omar Mejia told MNI, adding that excessively high interest rates for an extended period may cause distortions in markets and the economy.

"It is necessary to adjust the level of restriction," said Mejia in an interview at his offices in Mexico City.

Keep reading...Show less