January 21, 2013
Mexico’s central bank has elected to hold interest rates at 4.50%, in line
Mexico’s central bank has elected to hold interest rates at 4.50%, in line with market expectations. Goldman Sachs points to a change in language associated with the decision that could suggest openness to lowering rates in the future. “We sense a predisposition by the [policy committee] to cut rates (moderately) on signs of further weakening of domestic growth given that the inflation dynamics are now not a major constraint to do so,” it says. The bank has held rates at 4.50% since July 2009.