Archive for September 9th, 2012

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