Mexico’s deputy governor hints at rate hold
Heath says analysts disagree with central bank over timeline on taming inflation
Mexico may benefit from pausing rate cuts, the deputy governor of its central bank has said.
In an interview on June 11 in El Economista, Jonathan Heath said the bank’s goal was to reach its 3% inflation target by the third quarter of 2025.
He said another cut would not give it much room to manoeuvre if inflation were to rise further, whereas a pause would enable it to see if inflation were truly falling.
Year-on-year inflation was 4% at the end of 2024, but had reached 4.42% in May.
“These
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