Mexico Holds Rate for 20th Meeting on ‘Favorable’ Inflation
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Mexico’s central bank kept its benchmark interest rate unchanged today, saying that inflation is maintaining a “favorable evolution” and economic expansion has moderated.
The central bank’s board, led by Governor Agustin Carstens, extended its longest-ever pause, keeping the overnight rate at 4.50 percent for a 20th straight meeting. The decision matched the forecast of all 14 economists surveyed by Bloomberg.