Mexico to Look at Rate Cuts After April, Central Banker Says

• Mexico’s central bank is likely to wait until after April to consider further interest rate cuts, Deputy Governor Jonathan Heath said in an interview published Wednesday.
• Heath, who is on the dovish wing of the five-member board, pushed unsuccessfully to cut rates by a quarter-point to 4% at the bank’s last two meetings. Instead, the bank paused a record cycle of 11 straight cuts.
• At the bank’s next meeting on Feb. 11, the discussion will center on whether a window of opportunity has reopened to continue the accommodative cycle, or if the pause should be sustained because inflation is starting to climb again slightly.

(Source: Bloomberg)