Archive for July 10th, 2011

Central Bank Watch

Mexican One-Day Interbank to Remain at Cyclical Low

July 10, 2011

Rate cuts by Bank of Mexico policymakers between January and July 2009 totaled 375 basis points from a one-day interbank rate high of 8.25% to 4.5%.  On July 8, the 4.5% key interest rate was kept yet again.  The next meeting is scheduled for August 26. Officials released a rather dovish statement, suggesting no near-term […] More