Mexico Central Bank Says Growth and Inflation Risks Increased
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Mexican policy makers were unanimous in their decision to keep the key interest rate unchanged at a record low this month, saying the outlook for both growth and inflation has deteriorated amid a peso selloff.
Banco de Mexico left the overnight borrowing rate unchanged at 3 percent on Dec. 5, a move forecast by 28 of 30 economists surveyed by Bloomberg. Two predicted a quarter-point reduction. Most board members said slack in the economy partly offsets inflation risks from the peso’s slump, the bank said in the minutes of the meeting published today.