Global Economy
Banxico Deputy Governor Heath (dissented against recent rate cut) says the recent rate cut hurts the chances of seeing inflation converge to the 3% target by the end of 2027; guidance to hold rates steady for an extended period reduces room for manoeuvre
ORIGINAL · NewsquawkBanxico Deputy Governor Heath (dissented against recent rate cut) says the recent rate cut hurts the chances of seeing inflation converge to the 3% target by the end of 2027; guidance to hold rates steady for an extended period reduces room for manoeuvreRead originalHide original
If the Fed hikes rates in its coming meetings and the rate differential between the Fed and Mexico falls below 200bps, it would be 'dangerous and irresponsible'
StockNow breaking-news AI analysis
Heath warned the recent rate cut imperils convergence to Banxico’s 3% inflation target by end-2027, amid October inflation of 3.75% and a 6.25% policy rate.
News detail
If the Fed hikes rates in its coming meetings and the rate differential between the Fed and Mexico falls below 200bps, it would be 'dangerous and irresponsible'
What do investors think?
Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactionsStockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.