Banxico Chief Signals No Rush to Cut Again After Surprise Move
Mexico’s surprise interest rate cut was a one-time move rather than the start of an extended easing cycle, Central Bank Governor Victoria Rodríguez said in an interview.
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Mexico’s surprise interest rate cut was a one-time move rather than the start of an extended easing cycle, Central Bank Governor Victoria Rodríguez said in an interview.
Mexico’s annual inflation accelerated more than expected in October, likely to intensify scrutiny of the central bank’s decision last week to cut interest rates in the face of persistent price pressures.
Ternium SA’s Mexican steel sales are rising as the country’s import tariffs push customers toward locally produced metal, but weak enforcement of the levies is limiting further gains, Chief Executive Officer Máximo Vedoya said.
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