LatinNews Daily - 05 October 2021

In brief: Banxico official warns more interest rate rises likely in Mexico

* Jonathan Heath, the deputy governor of Mexico’s central bank (Banxico), has said that “in his personal opinion”, Banxico’s cycle of interest rate hikes is not yet over and one or two more increases are likely amid concerns about inflation. He made his comments in an exclusive interview with international newswire Reuters although he said that any increases “will depend much on the evolution of many different indicators”. His comments follow Banxico’s recent decision to raise its benchmark interest rate by 25 basis points to 4.75%, following increases of the same amount in August and June in response to inflationary pressures.

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