Bank of Mexico Still Far From Cutting Rates, Minutes Show

[ad_1]

MEXICO CITY—Mexican central bankers stressed persistent risks to inflation as they agreed earlier this month to leave interest rates unchanged, saying the reference rate should stay at its current level for a prolonged time, minutes to the meeting showed Thursday.

The Bank of Mexico’s five-member board of governors voted unanimously on Aug. 10 to leave the overnight interest-rate target at 11.25%, its highest level since the central bank began targeting the specific rate in 2008.

It…

[ad_2]

Source link