-- Mexico’s central bank may vote unanimously to hold borrowing costs at 11% at its next meeting in May, a deputy governor said.Giuliani’s Son, Former Aide Hit With Subpoenas in Asset Search
Consumer price rises have waned to 4.42% from a year prior, with core measures excluding energy and food also slowing. Still, as the Federal Reserve signals it will delay its own easing, many investors expect its southern neighbor will pause next month. Mexico keeps a close eye on the difference between its own benchmark lending rates and the Federal Reserve’s, to avoid outflows of capital, though Banxico board members have long insisted they make decisions independently.
Mexican policymakers lowered rates by a quarter-point to 11% from an all-time high last month in a split vote. Irene Espinosa, the one member who voted to hold borrowing costs, said monetary policy faced additional challenges, including pressures from wage increases and expansionary fiscal policy. Earlier this week, Espinosa said Mexico is not at the beginning of a prolonged easing cycle, in a separate interview with Bloomberg News.
Banxico wants to see consumer price increases again in a steady downward trend, with a break in services inflation, which so far has been resilient. “We believe we are close, but we need to see costs of services in a clear downward tendency,” Heath added.Trump was forced to listen silently as potential jurors offered their unvarnished assessments of him
The former president's complaint that he might be unable to attend his son Barron's high school graduation due to his trial spawned misinformation.Lev Radin/Pacific Press/LightRocket via Getty ImagesThe New York Attorney General’s office has asked the judge in Donald Trump’s civil fraud case to reject the $175 million bond he obtained to stave off even steeper fines.