Archive for July 22nd, 2012

Central Bank Watch

Bank of Mexico: Unchanged Benchmark Interest Rate of 4.5%

July 22, 2012

The key Mexican central bank rate has been at 4.5% since a 25-bp cut in July 2009.  375 basis points of easing were implemented overall in the first seven months of 2009 until the authorities were able to detect signs of recovery.  Mexico remains in an expansionary phase of its business cycle.  Officials reaffirmed their […] More