Mexico's central bank held its benchmark rate steady for a third consecutive meeting, keeping borrowing costs elevated as policymakers weigh persistent inflation against a cooling
Mexico's central bank held its benchmark rate steady for a third consecutive meeting, keeping borrowing costs elevated as policymakers weigh persistent inflation against a cooling economy. The recent GDP rebound offered some reassurance, though rising loan delinquencies point to household strain under tight credit conditions. Meanwhile, Hurricane Nolo is threatening Mexico's Pacific coast with flooding and high surf, a weather risk markets are watching for local disruption.
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