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Banxico to Assess Duration of Conflict in Iran to Resume Rate Cut: Chief Economist Citi Mexico
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The Bank of Mexico (Banxico) will assess the duration of the conflict in Iran, and its impact on oil prices and inflation, to decide whether to resume interest rate cuts at its March meeting, said Julio Ruiz, chief economist of Citi Mexico. Analysts are divided on Banxico's next monetary decision, as there is no clear consensus on whether the central bank will resume interest rate cuts amid a new episode of geopolitical tension over the conflict…
The escalation of the conflict in the Middle East, with the United States and Israel facing Iran, began to materialize some of the risks to inflation that the Bank of Mexico (Banxico) had anticipated in its scenarios, which has led more analysts to ask the central bank to keep the interest rate unchanged in its decision of March 26. Until before the conflict, the focus of concern about inflation in Mexico was on internal factors, such as the inc…
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