Central Bank of Mexico Keeps Monetary Policy Unchanged


The Central Bank of Mexico decided on April 26th to maintain the benchmark interest rate at 4 percent, after a surprise cut of 50 basis points in March.

On April 26th, the Central Bank of Mexico kept borrowing costs unchanged as it considers the recent rise in consumer prices to be temporary. Nevertheless, the Bank said it will watch all factors that could affect inflation.

In addition, the Bank of Mexico signaled the possibility of future interest rate cuts if stimulus in advanced economies lead to an increase in capital inflows.

 

 


Duarte Ricardo | duarte.ricardo@tradingeconomics.com
4/26/2013 7:32:25 PM