Banxico holds rates as inflation eases

Banxico holds rates as inflation eases

Economy & Policy

Mexico's central bank held rates at 3.5% on Friday saying that price increases were moderating, which should allow the country to meet its 3% inflation target for full-year 2014. Slow economic growth in the third quarter of 2013 and in the beginning of 2014 mean that pressures on aggregate demand have eased, Banxico said in a statement. Even though the country’s exports, consumer demand and private investment have not shown signs of increasing, board members pointed to stronger global growth, in

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