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
