Bank of Mexico holds rates amid growth fears
“High degree” of uncertainty over inflation as trade tensions with US persist
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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