Mexico leaves rates on hold

Mexico leaves rates on hold

Regulation Economy & Policy Mexico

Mexico's central bank said in a statement that it has left the benchmark interest rate unchanged at 7% for the third consecutive month. The bank cited an uptick in inflation to 6.37% and a 5% drop in the Mexican peso against the dollar as the primary reasons for its decision. It expects inflation to ease in the coming months and settle around 3% through the second half of 2018. Consultancy Capital Economics said in a report that it predicted rates to cut to 5.5% by the end of next year, while

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