FILE PHOTO: A view of the facade of the Bank of Mexico office building in downtown Mexico City, Mexico, November 17, 2017. REUTERS/Henry Romero
March 28, 2019
MEXICO CITY (Reuters) – Mexico’s central bank held its benchmark interest rate steady on Thursday, as expected, citing risks to economic growth and potential for higher inflationary pressure due to an environment of “marked uncertainty.”
In a unanimous decision, the Bank of Mexico’s (Banxico) board members voted to hold the overnight interbank rate at 8.25 percent, its highest level since August 2008.
All 18 analysts and economists surveyed in a Reuters poll forecast that Banxico would hold the key lending rate at 8.25 percent, the level it has been at since Dec. 20.
(Reporting by Mexico City Newsroom)