Banxico Deputy Governor Omar Mejia said he sees room to adjust the Mexican central bank’s reference rate ahead of its next meeting on March 21. The country’s balance of inflation risks is “less deteriorated,” according to Mejia, so there is room to change the central bank’s rate. “We must be careful not to adopt an excessively restrictive monetary stance, which is why I believe it is pertinent to also make adjustments in this sense,” the deputy governor told a podcast organized by Grupo Financiero Banorte SAB released Wednesday. “The challenge going forward is to adjust the monetary stance in such a way that it is ... (full story)