Trade uncertainty keeps Bank of Mexico on hold

Bank of Mexico

The Bank of Mexico left the policy rate on hold at 7.75% in August, concerned that uncertainty surrounding international trade arrangements could put pressure on inflation.

In its first decision since general elections last month, the central bank’s governing board said there was a risk that trade measures imposed by the US could “give rise to an escalation of protectionist and countervailing actions”, which could push up inflation by causing the peso to depreciate.

The central bank revised up

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