Mexico's central bank held its benchmark rate steady for a third straight meeting, keeping borrowing costs elevated as policymakers weigh lingering inflation against a softening ec
Mexico's central bank held its benchmark rate steady for a third straight meeting, keeping borrowing costs elevated as policymakers weigh lingering inflation against a softening economy. The GDP rebound in the second quarter offered some relief, though rising bank delinquency points to strain in household credit. Meanwhile, the government's pledge to import more from the US signals an effort to ease trade friction with Washington, a move markets are watching closely for its effect on the peso and cross-border investment flows.
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