Mexico Holds Rate, But Signals Rate Cuts May Be Coming
Mexico’s central bank left its benchmark interest rate unchanged at 4.50 percent, as expected, but switched course and said it may now have to cut interest rates in light of lower growth and inflation. Banco de Mexico, which in recent months has warned that it may have to raise rates if inflation [...]
Mexico’s central bank left its benchmark interest rate unchanged at 4.50 percent, as expected, but switched course and said it may now have to cut interest rates in light of lower growth and inflation.
Banco de Mexico, which in recent months has warned that it may have to raise rates if inflation picks up speed, said the balance of risks to inflation had improved, especially in light of the government’s commitment to sound public finances, and headline inflation … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards