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Uncertainty complicates Mexico central bank's path to quicker rate cuts, deputy governor

BY Reuters | ECONOMIC | 12/03/24 09:17 AM EST

MEXICO CITY, Dec 3 (Reuters) - A deputy governor of Mexico's central bank sees a difficult path to increasing the pace of interest rate cuts due to uncertainty, according to a report published by Bloomberg on Tuesday.

Deputy Governor Irene Espinosa told the outlet that "greater uncertainty" makes boosting the pace of cuts to the key lending rate set by the bank more difficult and that she favors a gradual approach. (Reporting by Ana Isabel Martinez; Editing by Aida Pelaez-Fernandez)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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