Mexico central bank Deputy Governor Irene Espinosa on Wednesday said it’s too soon to talk about a prolonged easing cycle, less than 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. 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 ... (full story)