UPDATE 2-Mexico cuts spending on Brexit, at ready on rates and peso

(Adds economist comment; updates peso, stock market quotes)

By Jean Luis Arce and Alexandra Alper

MEXICO CITY, June 24 (Reuters) - Mexico's government will

cut spending, and the central bank is ready to act on interest

rates in the wake of Britain's vote to exit the European Union,

senior officials said on Friday.

Finance Minister Luis Videgaray said the government would

reduce spending by 31.715 billion pesos ($1.68 billion) in 2016,

its second such cut this year, to reassure mar

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