Mexico’s central bank holds interest rate at 6.50% while inflation continues to decline

AI Summary

Mexico's central bank announced it will maintain the interest rate at 6.50% as headline inflation steadily decreases. Inflation was recorded at 4.45% in April and is expected to reach the target rate of 3% by the second quarter of next year.

Banxico sees headline inflation, which was at 4.45% in April, continuing to decline until it hits the long sought-after target rate of 3% in the second quarter of next year. The post Mexico’s central bank holds interest rate at 6.50% while inflation continues to decline appeared first on Mexico News Daily