Banxico Holds Rate at 6.50% as Expected, Inflation Risks Tilted to Upside
Mexico's central bank kept its key interest rate unchanged at 6.50% unanimously, while maintaining an upward bias on inflation risks.
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The Bank of Mexico (Banxico) held its main reference rate steady at 6.50% as widely anticipated. The decision was unanimous among board members.
The central bank reiterated that the balance of risks for inflation remains tilted to the upside, suggesting a cautious stance going forward. No changes to the rate outlook were signaled in the brief statement.
Source: FXStreet Forex News