Bank of Mexico Holds Interest Rate at 6.50 Percent
The Bank of Mexico kept its benchmark interest rate steady at 6.50 percent in a unanimous decision. Policymakers removed previous language signaling a prolonged pause on rates. Officials noted that future decisions will depend on ongoing disinflation and economic conditions.
Insights:
Mexico held its benchmark interest rate at 6.50% on Thursday afternoon, dropping guidance that signaled a prolonged pause in borrowing costs. The five-member board delivered a unanimous decision during the late September monetary policy meeting. Economists had widely anticipated the hold amid shifting regional rate expectations.
