Mexico cenbanker rules out June rate cut

BY Reuters | ECONOMIC | 05/17/24 11:00 AM EDT

MEXICO CITY, May 17 (Reuters) - Mexican central bank deputy governor Irene Espinosa does not foresee a rate cut in June, she told local newspaper El Economista in an interview published on Friday.

Espinosa also warned that she thought the rate cut in March, which lowered Mexico's benchmark rate from 11.25% to 11.00%, was premature and delayed inflation's convergence to target by two quarters. (Reporting by Ana Isabel Martinez; Editing by Brendan O'Boyle)

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