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Mexico central bank could favor larger rate cuts this year

BY Reuters | ECONOMIC | 01/24/25 06:46 PM EST

MEXICO CITY, Jan 24 (Reuters) - Board members of Mexico's central bank could vote in favor of larger rate cuts at upcoming monetary policy meetings, the Bank of Mexico said in a report published on Friday outlining its plans for the year.

However, even if board members approve larger interest rate cuts, that does not mean the bank will necessarily continue with bigger rate reductions, the central bank added.

(Reporting by Kylie Madry; Editing by Anthony Esposito)

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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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