Mexico's Central Bank Eyes Interest Rate Cuts

Mexico's central bank has potential to further lower its benchmark interest rate, according to deputy governor Jonathan Heath. In a recent podcast with lender Banorte, Heath suggested the bank would likely continue rate reductions, though with caution given economic uncertainties.

Mexico's central bank could continue to reduce its benchmark interest rate, according to a statement by deputy governor Jonathan Heath during a podcast with lender Banorte.

Heath emphasized that it is highly probable the monetary authority will maintain its strategy of lowering rates. However, this will be done with caution due to the unpredictable nature of the current economic landscape.

The deputy governor's insights suggest a careful yet optimistic approach to monetary policy amid ongoing economic challenges.

(With inputs from agencies.)