July 1, 2019 |
Mexico's central bank could cut its benchmark interest rate by 50bp this year as it looks to boost GDP growth, which some analysts expect to hover around 1% in 2019, LatinFinance has heard.
"We expect a 25bp cut in November and another 25bp cut in December," said the chief economist at a local brokerage firm, adding that she does not expect Mexico's economy to slip into a recession in the short term.
"We see lower growth because of the new government's austerity package, but credit is not growin
Economist expects Banxico to shave 50bp off the benchmark rate this year