Mexico Central Bank Signals Extended Pause
Mexico central bank minutes indicate interest rates will remain unchanged for an extended period. Policymakers cite persistent service inflation and global uncertainties as key factors.
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Mexico's central bank held its benchmark interest rate at 6.5% during Thursday morning's meeting, signaling a prolonged pause amid stubborn inflation risks. The unanimous decision reflects persistent price pressures in the services sector despite an overall cooling trend. Investors are now recalibrating expectations as the timeline for hitting the bank's 3% target slips further out.
