Mexican central bank leaves rates unchanged at 11.25%

  • The vote was unanimous
  • The monetary policy stance remains in the trajectory required for inflation to coverage to 3% target
  • Balance of risks for inflation remains to the upside
  • Removes previous guidance about needs to hold key rate ‘for some time’
  • At the next meetings it will assess the possibility of adjusting rate

It looks like they’re edging towards cutting but they’re not in a hurry.

This article was written by Adam Button at Source