Mexico Central Bank Eyeing Weak Economy

April 9, 2015

Most of Mexico's central bankers are eyeing slack in the economy that could keep them from quickly raising interest rates and only one policymaker is calling to raise borrowing costs ahead of the United States.

Central Bank board members voted 5-0 at their March 26 meeting to hold their benchmark rate at a record low of 3.0 percent, minutes showed on Thursday, and most policymakers were concerned by deep losses in the peso.

Mexico's peso last month sank to a historic low against the dollar, hammered by a slump in oil prices and fears that an . . .

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