Bank of Mexico holds rates amid growth fears

Bank of Mexico

The Bank of Mexico kept its policy rate at the current 10-year high on June 27, but it expressed concerns over risks to growth in a statement.

One member of the bank’s monetary policy committee expressed dissent over the decision.

The committee opted to hold its policy rate at 8.25%, but one of the five-strong board voted to lower the rate by 25 basis points.

Year-on-year inflation decreased from 4.4% in April to 4% at the start of June, largely due to slower price growth in some food sectors

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