Bank of Mexico’s Heath urges pausing rate cuts for now
Bank of Mexico Deputy Governor Jonathan Heath said it is appropriate to stop cutting rates in the short term, and any further easing may be about a year away as inflation nears target.
Bank of Mexico Deputy Governor Jonathan Heath said the central bank should not cut interest rates again in the short term and suggested any further easing may be about a year away, underscoring policymakers' caution even as inflation nears target."I think where we are now, it is appropriate to stop…