Central Bank of Mexico Keeps Rates at Record Low


At its April 25th meeting, Mexico's central bank left the benchmark interest rate unchanged at 3.5 percent, for the fifth consecutive month, citing that monetary policy was consistent with the efficient convergence of inflation to the 3 percent target.

Mexico’s inflation has slowed by almost a full percentage point from 4.48 percent in January to a five-month low of 3.53 percent in early April.  Inflation expectations for 2014 have been revised downward, while those for longer-term have remained stable.

The central bank noted that after a weak start of the year economic growth was improving due to rising exports and increased public spending.  However, downside risks to economic activity growth remain.

Central Bank of Mexico Keeps Rates at Record Low


Isabel Felino | isabel.felino@tradingeconomics.com
4/25/2014 4:43:47 PM