What is the best way to repeatedly execute a function every x seconds? [closed]

I want to repeatedly execute a function in Python every 60 seconds forever (just like an NSTimer in Objective C or setTimeout in JS). This code will run as a daemon and is effectively like calling the python script every minute using a cron, but without requiring that to be set up by the user.

In this question about a cron implemented in Python, the solution appears to effectively just sleep() for x seconds. I don’t need such advanced functionality so perhaps something like this would work

while True:
    # Code executed here
    time.sleep(60)

Are there any foreseeable problems with this code?

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