Mexico Inflation Eases, Opens Door to New Interest Rate Cuts

Minutes of the December meeting showed two board members had voted to cut the benchmark interest rate by 25 basis points to 4.0% but were outvoted.

RIO DE JANEIRO, BRAZIL - Mexican consumer price inflation stood at 3.15% in the year through December, the national statistics agency said on Thursday, January 7th, in line with the central bank’s target range and opening up the door to further interest rate cuts.

The Bank of Mexico, or Banxico, last month held its benchmark interest rate unchanged at 4.25% for the second consecutive meeting and said inflation expectations for the medium and long term remain stable at levels above 3%.

Minutes of the December monetary policy meeting published on Thursday, January 7th, showed board members Jonathan Heath . . .

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