News Mexico Interest: Mexico cuts interest rate to 10.75% in divided vote, but sees higher inflation
MEXICO CITY (Reuters) -Mexico's central bank lowered its benchmark interest rate in a divided vote to 10.75%, the monetary authority said on Thursday, cutting the key borrowing rate from 11.00% but also signaling that it expects prices to rise higher than previously expected. In its statement, the bank noted it expects inflationary pressures in Latin America's No. 2 economy to allow for further discussion of rate adjustments going forward. Banxico, as the central bank is known, upwardly revised its forecast for year-end headline inflation to 4.4%, from 4.0% previously, while maintaining its expectation for core inflation at 3.9%.
News Mexico Interest: Bank of Mexico leaves benchmark interest rate unchanged
The central bank’s board voted unanimously to keep the overnight interest-rate target at 6.5%, and and reiterated its expectation that it will stay on hold for the foreseeable future.
News Mexico Interest: Mexico's central bank likely to hold key interest rate this week: Reuters poll
MEXICO CITY, Aug 4 (Reuters) - Mexico's central bank is expected to maintain its benchmark interest rate at 6.50% in its next decision on Thursday, according to most analysts in a Reuters poll, signaling a prolonged pause amid uncertainty over inflation and economic growth. Of 35 analysts surveyed, 34 forecast the central bank, also known as Banxico, will hold the rate, maintaining the stance it
News Mexico Interest: Mexico eyes antitrust on Citi deal, expects plenty of interest for assets
Mexico's government said on Wednesday it would keep a close eye on excess market concentration as U.S. bank Citigroup sells its consumer banking business in Mexico, noting the divestment should ...
News Mexico Interest: Mexico eyes antitrust implications of Citi sale, expects robust bidder interest
The Mexican government on Wednesday signaled it would be alert to possible antitrust implications of Citigroup's sale of its consumer banking operations in Mexico, and said it expected plenty of ...
