The deputy governor of mexican central bankBanxico, Jonathan Heath said on Monday that if inflation continues to decline in the country, especially core inflation, there could be an adjustment to the key interest rate for February or March. The central bank has said several times in recent months that to achieve the orderly and sustained […]
Tag: Jonathan Heath
Banxico must maintain a maximum rate for a minimum of 6 months, says Deputy Governor Heath
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With consumer price increases barely slowing from a two-decade high, Banxico, as the Mexican central bank is known, will likely raise its benchmark rate by at least another quarter point, the deputy governor said in an interview. The recent increases brought borrowing costs closer to their so-called terminal rate, which “intuitively” can be between 10.75% […]
Heath says Mexico’s core inflation is ‘severe’
Updated on 10/01/2022 03:01 am Jonathan Heath, member of the board of the central bank of Mexico, activated the alarms regarding the acceleration of the inflation underlying, saying in a series of tweets that the situation is “serious” and may indicate a structural problem. Although annual inflation at the end of 2021 was slightly lower […]