Mexico keeps interest rate steady after 12 consecutive cuts
Mexico's Banxico Central Bank on Thursday ended a prolonged streak of monetary easing, leaving its benchmark interest rate unchanged at 7.0 percent, citing upside risks to inflation. By the first half of January, Mexico's year-on-year inflation accelerated to 3.77 percent -- above the target of 3.0 percent.
Mexico's Banxico Central Bank on Thursday ended a prolonged streak of monetary easing, leaving its benchmark interest rate unchanged at 7.0 percent, citing upside risks to inflation. By the first half of January, Mexico's year-on-year inflation accelerated to 3.77 percent -- above the target of 3.0 percent.
