November 10, 2017
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
Central bank keeps benchmark at 7% due to increased inflation and FX volatility