Mexico keeps rates at 10-year high despite global slowdown

Bank of Mexico

The Bank of Mexico kept interest rates at the current 10-year high on March 28, despite slower global growth forecasts and the looser stance of the US Fed.

“Considering the risks to consolidate low and stable inflation,” the governing board left the the overnight interbank interest rate at 8.25%. The board said it “will maintain a prudent monetary policy stance and, under the current environment of uncertainty, will follow closely the potential pass-through of exchange rate fluctuations to

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