Mexico central bank meets after GDP growth cut

Mexico central bank meets after GDP growth cut

Economy & Policy Corporate & Sovereign Strategy

Mexico’s central bank will decide its next move today, after policymakers in recent weeks cut their 2014 growth forecasts. Despite less dovish statements at the last policy meeting, lower growth forecasts by both the government and the central bank have fueled expectations that the bank’s board of directors may leave rates on hold. The central bank in late May cut its annual growth forecast to between 2.3% and 3.3% from between 3% and 4%. Barclays subsequently said the new forecast “suggests tha

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