September 10, 2012
Mexico’s central bank has again held the policy rate, which has been at 4.5
Mexico’s central bank has again held the policy rate, which has been at 4.50% since July 2009. Citi notes “a slightly more hawkish stance” from the bank, citing that “in particular, the board opted for changing the wording of its policy paragraph by stating that it will remain watchful of inflation determinants as they ‘may make advisable’ to hike the policy rate.” Nomura, however, calls the hawkish tint a bluff. “A scenario of hikes, with the US economy decelerating, is very unlikely,” it says.