Mexico Holds Rates

Mexico Holds Rates

Mexico Economy & Policy

Mexico's central bank held its policy rate at 4% on Friday, accompanying its decision with a statement that has kept analysts guessing. The move follows a surprise 50bp cut last month, its first reduction since 2009. Announcing Friday’s decision, the bank flagged weakness in developed economies, slackening external demand and consumption indicators in Mexico and an appreciating peso among its considerations. Analysts say the bank’s statement gives little indication of the direction of any furthe

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