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MNI BRIEF: Banxico Holds Rates At 11%, To Discuss Adjustments

Mexico's central bank decided unanimously to maintain its overnight interbank interest rate at 11% Thursday after a 25 basis point cut in March, and said that the board might discuss "adjustments" in the next meetings according to the inflationary environment.

"The Board will thoroughly monitor inflationary pressures as well as all factors that have an incidence on the foreseen path for inflation and its expectations. Looking ahead, it will assess the inflationary environment in order to discuss reference rate adjustments," said the statement.

"It will also consider the incidence of both the restrictive policy stance that has been maintained and that prevailing in the future on inflation throughout the horizon in which monetary policy operates," added the board. (See MNI INTERVIEW: Banxico Should Have Begun Easing In '23-Werner)

HomepageEM Policy NewsEM Policy StoryEM BriefEM EmailEM Central Bank NewsMexicoLatAmBanxicoStoryRegion
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