Mexico central bank keeps rates unchanged at 7%
|In a unanimous decision, Mexican central bank (Banxico) has decided to keep rates unchanged at 7%.
Key quotes (via Reuters):
- Going ahead the board will be vigilant of Fx changes, output gap
- Will also be vigilant of relative monopolistic stance with US as well as impact of quake on prices
- says balance of risks to growth have deteriorated particularly because of perception that adverse scenarios in the US - Mexico ties could materialize
- balance of risks to inflation may have deteriorated
- says recent earthquakes could cause supply problems and price rises in some products, these would be temporary
- past hikes have begun to have impact on inflation
- In coming months general inflation seems to have reached its high point, without taking into account quakes
- effects of quake on economy and inflation be temporary and moderate
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.