The Bank of Mexico on Friday voted to keep its benchmark overnight lending rate at 7.25%.
The central bank said that while Mexico's financial markets have continued to behave normally and inflationary pressures caused by rising food prices remain, "the unfavourable events in the United States imply a risk" to economic activity.
The benchmark rate has stood at 7.25% since April, when the central bank made an increase for the first time in almost two years.
The central bank said that it still a
- BoE sparks controversy over expenses disclosure
- Riksbank says all banks should be ‘obliged’ to continue cash services
- Cyprus ex-governor says authorities asked for false audit of failed bank
- Further US tightening risks recession – St Louis Fed president
- Iranian central bank looking for alternative to Swift, local media says