The central bank's governing board raised its key interest rate to a record 11% this month amid stubborn inflation. (Reporting by Ana Isabel Martinez; Writing by Brendan O'Boyle Editing by Dave Graham)
MEXICO CITY, Feb 27 (Reuters) - Bank of Mexico board
member Jonathan Heath said in a newspaper interview published on
Monday that he does not see the central bank's benchmark
interest rate reaching 12%.
"In my very personal opinion and based on the data available
today, I do not see the terminal rate reaching 12%, but rather I
estimate that it will be located in a range of 11.25% to
11.75%," Heath told newspaper El Financiero.
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