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Economic news

Too early to think of ending rate hike cycle in Mexico, cenbanker says

08/30/2022

Less than a minute

2022.08.30 02:38

Too early to think of ending rate hike cycle in Mexico, cenbanker says
FILE PHOTO: The Bank of Mexico logo is seen on the facade of an office building in downtown Mexico City, Mexico, February 9, 2022. REUTERS/Edgard Garrido

MEXICO CITY (Reuters) – It is “very, very premature” to start thinking of ending the current interest rate-hiking cycle in Mexico, one of the Mexican central bank’s board members said on Twitter (NYSE:TWTR) on Monday.

“The Federal Reserve will continue to go higher for a while until starting to see results and we will have to do practically the same,” board member Jonathan Heath said.

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08/30/2022

Less than a minute