Mexico Leaves Monetary Policy Unchanged


At its July 11th, 2014 meeting, Central Bank of Mexico left the benchmark interest rate on hold at 3 percent, following last month’s cut, as no inflationary pressures are expected.

At its June meeting, the central bank cut the overnight interest rate 50 bps to a record low of 3 percent to boost the economy.

Recent figures suggest the GDP growth will accelerate in the second quarter of 2014, driven by higher exports, while domestic demand remains subdued, the central bank said at its July meeting. But the slack in the economy will probably last until the end of 2015 and policymakers see no inflationary pressures arising from the aggregate demand in the horizon over which monetary policy operates.

Mexico Leaves Monetary Policy Unchanged


Joana Taborda | joana.taborda@tradingeconomics.com
7/11/2014 3:42:08 PM