Bank of Mexico’s Esquivel sees space for two more rate cuts in 2021 – Bloomberg

RIO DE JANEIRO, BRAZIL – Bank of Mexico Deputy Governor Gerardo Esquivel told Bloomberg News on Friday, February 12th, that Mexico may have space for at least two more interest rate cuts in 2021 if inflation stays in line with expectations.

“In principle, with the expectations that we have and the projections which we have made public, I think there is space for at least two,” Esquivel said  in response to a question on whether there could be more than one rate cut this year.

Related coverage: Argentina opens healthcare centers at 19 tourism resorts to treat COVID-19 · Peruvian Central Bank maintains benchmark interest rate at 0.25% · Taiwan wins diplomatic scrap with China and opens trade office in Guyana · Certain Mexican resorts give tourists 14-day free stays if they test positive for Covid-19

More: Latin America news in English, every day from The Rio Times.

Editorial responsibility: Matthias Camenzind, Editor-in-Chief · Editorial standards · Report an error