MEXICO CITY  – The Bank of Mexico maintained its benchmark interest rate at 11.25 percent on Thursday, in line with analysts' forecasts, underscoring that the inflationary outlook remains 'very complex' and suggesting the rate could hold steady for a while. The unanimous decision by the central bank's five-member board is the third consecutive rate hold since Banxico, as the Bank of Mexico is known, halted a two-year hiking cycle in May amid easing inflation. While falling inflation has elicited rate cuts elsewhere in Latin America, Banxico has taken a more cautious approach as inflation in Latin America's second largest economy remains above the bank's official target of 3 percent, plus or minus a percentage point.

https://business.inquirer.net/415362/bank-of-mexico-again-holds-interest-rate-firm-even-as-region-begins-cuts

#inquirer