• BANXICO’S ESPINOSA SAYS RATE CUTE WAS PREMATURE: ECONOMISTA (BBG)
  • Deputy Governor Espinosa said in an interview with Economista that cutting rates in March was premature and delayed inflation converging to the target by two quarters.
  • She said headline inflation is continuing to rise along with 12-month inflation expectations, and that expansive monetary policy from March is a headwind to bringing inflation to the target.

MEXICO: Banxico Deputy Governor Espinosa Says March Rate Cut Was Premature

Last updated at:May-17 16:24By: Keith Gyles
  • BANXICO’S ESPINOSA SAYS RATE CUTE WAS PREMATURE: ECONOMISTA (BBG)
  • Deputy Governor Espinosa said in an interview with Economista that cutting rates in March was premature and delayed inflation converging to the target by two quarters.
  • She said headline inflation is continuing to rise along with 12-month inflation expectations, and that expansive monetary policy from March is a headwind to bringing inflation to the target.

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