Mexico holds key interest rate steady as inflation cools
Mexico’s central bank leaves its benchmark interest rate unchanged at a record high of 11.25% for a second straight month, following a further slowing of inflation. – EPA pic, June 23, 2023.
MEXICO’S central bank yesterday left its benchmark interest rate unchanged at a record high of 11.25% for a second straight month, following a further slowing of inflation. The Bank of Mexico’s governing board considered that while inflation remains well above the official target, “the disinflationary process is underway” in Latin America’s second-largest economy, a statement said.
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