Reported 2 months ago
A Reuters poll indicates that the Bank of Mexico is likely to keep its benchmark interest rate at 11% this week, with 12 out of 22 analysts supporting this stance due to rising inflation and a declining peso. After a previous rate cut, the central bank faces pressures from increased consumer prices, which reached a nearly year-high in July, prompting analysts to favor a cautious approach. The monetary policy statement is due shortly after the release of July's inflation data.
Source: YAHOO