Mexico holds rates again, while Peru cuts

Peruvian board says inflation is falling faster, while Banxico predicts more gradual disinflation

Banxico’s García on reserve risks: inflation, market volatility and war
Bank of Mexico
Alfonso21 via Wikimedia Commons

The central banks of Mexico and Peru both continued their current monetary policy stances, respectively holding and cutting their key rates. 

The Bank of Mexico (Banxico), held its policy rate at 11.25% for a fifth consecutive meeting on December 14. The Central Reserve Bank of Peru (BCRP) continued a programme of 25 basis point cuts on the same day, lowering its key rate to 6.75%.

Mexican board unanimous

The Mexican central bank’s five-member board unanimously backed the decision to keep the rate

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