Mexico Holds Key Rate at 3%


At its September 2014 meeting, the Central Bank of Mexico decided to leave the benchmark interest rate unchanged at 3 percent, as widely expected.

The economy accelerated in the second quarter of 2014 mainly driven by exports. Yet, downside risks to growth decreased and the slack in the economy is expected to decline. Thus, policymakers see no inflationary pressures arising from aggregate demand. 

However, the central bank noticed greater risks to inflation in the coming months due to livestock prices. In 2014, the annual inflation rate is expected to remain at around 4 percent.

Mexico Holds Key Rate at 3%


Joana Taborda | joana.taborda@tradingeconomics.com
9/5/2014 3:48:09 PM