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.
The post Reuters reveals Bank of Mexico nears end of rate hike cycle, eyes economic toll, board member says appeared first on Reuters News Agency.
