Mexico’s central bank sees no need for additional reductions in borrowing costs following a surprise cut earlier this month as analysts forecast a recovery in the economy.
Mexican consumer prices rose in the first half of June as the central bank unexpectedly cut the nation’s key interest rate.
Attached is a side-by-side comparison of the Mexican Central Bank’s interest rate announcements.
Mexico’s central bank unexpectedly cut its key interest rate to a record low in an effort to compensate for weak growth in Latin America’s second largest economy. Government bonds rallied.