January 23, 2012
Mexico’s central bank has elected again to hold interest rates at 4.5%, in
Mexico’s central bank has elected again to hold interest rates at 4.5%, in line with the market’s expectations. In a statement, the bank cites continued deterioration in the global economy, slowing in the domestic economy, as well as a pickup in local inflation. Barclays notes that the bank’s remarks carry a heavier emphasis on slowing domestic activity and this may signal it will begin easing as soon as its next meeting, in March.