Mexico May Have Multiple Rate Cuts, Central Banker Says

Central bank deputy governor Gerardo Esquivel said there may be more than one interest rate cut in the pipeline for Mexico this year as policy makers have room to keep easing monetary policy.

One of the five board members who decide on rates, Esquivel said in a video interview that a recent uptick in inflation was not surprising and won’t likely persist. He wouldn’t rule out the possibility of having real rates -- once inflation is subtracted -- falling into negative territory if conditions warrant and if necessary.