Mexican inflation entering 'difficult terrain,' central banker says

BY Reuters | ECONOMIC | 04/15/24 11:57 AM EDT

MEXICO CITY, April 15 (Reuters) - Mexican central bank Deputy Governor Jonathan Heath said in an interview on Monday that inflation in Latin America's No. 2 economy - despite having eased - was showing signs of persistence and that "difficult terrain" lies ahead.

Speaking to El Pais newspaper, Heath added that a recent rate cut marked not an easing cycle but a small adjustment to the current policy. (Reporting by Anthony Esposito)

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