July 15, 2013
Mexico’s central bank held rates at 4.0% when it met Friday, with some anal
Mexico’s central bank held rates at 4.0% when it met Friday, with some analysts seeing cuts in the near future. “If the volatility in global rates subsides and the MXP dips below 12.50, rate cuts in Mexico could be back in play given the benign inflation outlook and weak growth dynamics,” Goldman Sachs says. “Overall, Banxico shows its continued concern with the outlook for growth,” RBS says. The shop sees Banxico cutting rates later in the year if growth continues to disappoint.