Home · Business · Sep 3 archive
Banxico’s Heath says rate cuts can wait as core inflation persists
Developing
In Short: In a podcast with Banorte, Heath from Banxico stated that rate cuts can be put on hold as core inflation remains persistent. According to Heath, the current situation suggests that it is appropriate to pause further reductions, emphasizing that any cuts would only occur if core i
In a podcast with Banorte, Heath from Banxico stated that rate cuts can be put on hold as core inflation remains persistent. According to Heath, the current situation suggests that it is appropriate to pause further reductions, emphasizing that any cuts would only occur if core inflation starts to align with Banxico's 3% target.
In Short: Banxico's Heath suggests rate cuts should wait due to persistent core inflation, indicating no immediate reduction unless targets are met.
What's confirmed
What's still developing
- In a podcast with Banorte, Heath said: “I think where we are now, it is appropriate to stop,” adding that the only way to cut is if core inflation converges to Banxico’s 3% goal.
Sources
- FXStreetlink