The Bank of Mexico left interest rates unchanged Thursday in a split decision, warning that inflation risks remain that could prompt it to tighten monetary policy in the future.
The central bank decided to keep the overnight interest-rate target at 7.75% by a majority, with one board member voting for a quarter-percentage-point increase to 8%.
The decision to stand pat came after Mexico, the U.S. and Canada reached an agreement at the weekend on a new trilateral trade pact to replace the North American Free Trade Agreement, removing a source of . . .
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