Central Bank Watch
Bank of Mexico: No Rate Change as Expected
September 9, 2012
Mexico’s target overnight interest rate has been at 4.5% since a cut in July 2009 that culminated 375 basis points of easing that year. Friday’s central bank statement expects current above-target inflation of 4.4% versus a 3% goal to be temporary and due to supply side shocks. Prior peso declines have been trimmed. There is […] More
