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Banxico's Espinosa Says It's Too Soon for a Long Easing Cycle [Yahoo! Finance]
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a month since the central bank cut interest rates for the first time since 2021 and with markets waiting for clues on the next step. Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding Tesla Asks Investors to Approve Musk's $56 Billion Pay Again Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs Bankers Hit With Millions in Breakup Fees for Ditching New Jobs Elon Wants His Money Back Banxico, as the central bank is known, is facing some “credibility issues” regarding the difference between its year-end inflation projection of 3.6% and the market's estimate of 4.1%, she said. Espinosa spoke in an interview with Bloomberg News after an event of the Institute of International Finance, in the sidelines of the IMF spring meetings in Washington. “It is not a problem of credibility with respect to the mandate or the institution,” she said, but related to the “expectation that the market has with respect to what we project.”
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