{
  "id": 5421597,
  "title": "Banxico’s Heath says rate cuts can wait as core inflation persists",
  "url": "https://urgent.news/2026/09/03/banxicos-heath-says-rate-cuts-can-wait-as-core-inflation-persists",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T21:53:27.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/banxicos-heath-says-rate-cuts-can-wait-as-core-inflation-persists-202609032153"
  },
  "original_language": "en",
  "account": "Banxico's Deputy Governor Jonathan Heath stated that the central bank can delay rate cuts, as core inflation remains a concern. Heath declared the current monetary policy stance as \"appropriate\" and emphasized that the central bank should wait until core inflation aligns with its 3% target. Heath noted that headline inflation declined mainly due to volatile, non-core components, which are less influenced by the central bank's policy. He warned that it is too early to celebrate the end of disinflation, as persistent inflation is primarily driven by service inflation. Heath acknowledged inflation risks are leaning towards the upside and stressed the importance of maintaining low and stable inflation around the central bank's target of 3%. The Bank of Mexico, Banxico, aims to preserve the value of Mexico's currency, the Mexican Peso (MXN), by setting monetary policy to maintain low and stable inflation within a target band of 2% to 4%. The Banxico primarily uses interest rates as its main tool to guide monetary policy, raising them to tame inflation and lower them to stimulate economic activity. The central bank's decisions are heavily influenced by the Federal Reserve's actions, with Banxico usually meeting a week after the Fed. The USD/JPY pair is currently bouncing off multi-month lows, anticipating a potential rate hike from the Bank of Japan at its upcoming meeting. Meanwhile, AUD/USD is advancing towards fresh four-month highs amid a weaker US dollar. Gold prices are also climbing, buoyed by a weaker US dollar and lower US Treasury yields. In the oil market, diesel is exhibiting strong demand, with the US diesel crack spread surging past $100 per barrel for the first time.",
  "summary": "The Bank of Mexico (Banxico) Deputy Governor Jonathan Heath said that the central bank can wait to reduce interest rates, signaling that further easing is possible but in about a year or more, as he qualified the current monetary policy stance as “appropriate.”",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}