October 15, 2010
Mexico's central bank is expected to leave its monetary policy rate unchang
Mexico's central bank is expected to leave its monetary policy rate unchanged at 4.50% today. Morgan Stanley, which agrees with market consensus, says in a research report that unlike other countries in the region that are fighting currency appreciation, Mexico's currency is not misaligned and inflation trends have been benign. Bank of America Merrill Lynch also expects rates to remain the same and says any intervention to control the currency is unlikely.