Reuters was first to report Bank of Mexico board member Gerardo Esquivel cautioned against increasing the monetary policy rate to “excessively” restrictive levels as the economy remains weak, saying the bank’s current rate-hiking cycle could end with rates between 10%-10.25%. Esquivel did not project when the rate would hit what he called its terminal level in an interview with Reuters.

Article Tags

Topics of Interest: Economy

Type: Reuters Best

Sectors: FX & Fixed Income

Regions: South America

Countries: Mexico

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

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