Reported 12 months ago
The central bank of Mexico, known as Banxico, decided to leave the key interest rate at 11% for the second consecutive month due to rising inflation rates and volatility in the peso. Despite some board members supporting a rate cut, the majority opted to hold steady. Inflation remains above the target level, and the recent depreciation of the peso could further impact prices. The central bank is open to potential rate adjustments in the future, depending on economic activity and global conditions. Analysts suggest a possible rate cut in August if economic conditions stabilize.
Source: YAHOO